Automotive Investments: Climate in Russia, Focus on St. Petersburg and Leningrad Region
Tax Incentives to Promote Investment
St. Petersburg
Profits Tax
Investment of no less than
RUR 150 m
Tax rate:
reduced from 24% to 20% (for
investments of over RUR300 m)
- reduced from 24% to 22% (for
investments of over RUR150 m)
Duration: 3 years
Investments in processing
industries of no less than RUR 3
bin during 3 consequent years
Tax rate:
reduced from 24% to 20%
Duration: 5 years
Assets Tax
Tax rate:
Exemption from the tax
reduced from 2.2% to 1.1%
Duration: 3 years
Duration: 5 years
Subventions
NONE
Agreement
with
NOT REQUIRED (except for major investment projects)
government
authorities
September 4, 2008
Leningrad Oblast
Tax rate:
reduced from 24% to 20%
Duration: payback period +
2 years
Exemption from the tax
Duration: payback period +
2 years
Profits tax refund (difficult in
practice)
YES (a business plan with an
accredited consultant's
conclusion is required)
22 Investment Climate in St. Petersburg and Leningrad Oblast
E ERNST & YOUNG
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