More opportunities to claim tax benefits
New rules of play
On 23 May 2016, the State Duma adopted Federal Law No. 144-FZ, which introduces amendments to the provisions of the Russian Tax Code regulating the taxation of entities involved in regional investment projects (RIPs). The key amendments include:
- Simplification of the application procedure for companies willing to acquire the status of a RIP participant;
- A more extensive range of tax benefits for RIP participants;
- Equating entities involved in special investment contracts (SPICs) to RIP participants so as to extend the coverage of a special tax regime.
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