Investor Presentaiton slide image

Investor Presentaiton

5. Special zones in Kaliningrad a) Kaliningrad Special Economic Zones: Overview Old SEZ based on customs benefits (1996) The enterprises, which have been registered in the Kaliningrad region. before April 2006, may use these customs benefits Foreign goods imported in the region are exempted from customs duties and taxes Goods exported from Kaliningrad to other regions of Russia are exempted from customs duties if: - - The commodity classification code has changed at the level of any of the first four digits The share of the added value has reached at least 30 % The old SEZ will function for 10 years, i.e until the end of March 2016 TURUN KAUPPAKORKEAKOULU Turku School of Economics Pan-European Institute • New SEZ based on tax benefits (2006) New firms conducting a capital investment at least 150 million RUR (USD 4,4 million) in the region's production over 3 years may use the tax benefits Tax benefits offered for an investor: - Corporate income tax and property tax are: • 0% for the first 6 years following investment • 50% reduction from tax for the years 7-12 after the investment The law will be in force for 25 years, i.e until the end of March 2031 Pai pan european institute REDA 2008, Liuhto 2008 www.tse.fi/pei/
View entire presentation