A free economic zone will be created in the new subjects of Russia, where participants will be exempt from certain taxes. For example, you will not need to pay property tax and land tax.
The Ministry of Economic Development informs that the new Russian regions will receive the most profitable free economic zone for investors, which will allow them to attract investments despite the sanctions regime. There will be tax and non-tax benefits.
The benefits are as follows:
– there will be no need to pay income tax and property tax for 10 years;
– there will be no need to pay land tax for 3 years;
– insurance premiums will be lowered.
According to experts, the new territories will ensure economic growth in the field of metallurgy, coal industry and agriculture.