Provision of tax benefits to participants of regional investment projects
Benefits
Support period
The preferential rate is valid starting from the tax period in which the first profit was received from the sale of goods produced as a result of the project, and ending with the reporting period in which the amount of income tax relief will be equal to the amount of capital investments made, but not more than five tax periods.
The cost of the project
The volume of capital investments cannot be less than:
- 50 million rubles . subject to the implementation of capital investments within a period not exceeding 3 years from the date of inclusion of the organization in the register of participants in regional investment projects;
- 500 million rubles . subject to the implementation of capital investments within a period not exceeding 5 years from the date of inclusion of the organization in the register of participants in regional investment projects.
Project requirements
Regional investment projects (RIPS) in the Yaroslavl Region are carried out for the production of goods, while such investment projects must simultaneously meet the requirements established for RIP No. 3, as well as the following requirements:
- The costs included in the investment costs for the priority investment project of the Yaroslavl region and the investment project for the creation and (or) development of an industrial park cannot be included in the capital investments under the RIP;
- absence of arrears in taxes, fees and other mandatory payments to budgets of all levels and to state extra-budgetary funds as of the date of filing an application for inclusion in the register of RIP participants and as of January 1 of each year during the period of application of the reduced corporate income tax rate (except in cases when these debts are appealed by a RIP participant in in accordance with the procedure established by the legislation on taxes and fees);
- The RIP must meet the criteria of economic and budgetary efficiency established by the Government of the Yaroslavl Region.
Regional investment projects for the modernization or technical re-equipment of existing production facilities should create production facilities that ensure annual tax payments to the consolidated budget of the Yaroslavl region not lower than the level achieved in the year preceding the year of the beginning of state support.