New rules of play. More opportunities to claim tax benefits

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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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