Proposed Legislative Changes Concerning SPIC
| TAX CODE AMENDMENTS
I. TAXPAYER - SPIC PARTY
investor that entered into SPIC with the Russian Federation
new
Organization implementing the project
II. NON-DETERIORATION OF TAX CONDITIONS
regarding all the taxes paid by the investor
will not apply to VAT and excise duties
new
as part of federal SPIC
III. PROFIT TAX BENEFIT
applies to the entire tax base of the investors - federal SPIC parties whose income from SPIC
products accounts for more than 90% of all income
new
new
» applies to the entire tax base of the organization that imple-
ments the project under federal SPIC²
>> applies to the tax base from operations as part of SPIC with
regard to the organization that implements the project under
federal SPIC¹
་
income from SPIC products accounts for more than 90% of all income
or
▸ income from SPIC products is less than 90% of all income; in this case,
tax budgetary expenses are ≤ 25% of SPIC project investment
'Investor is not: a member of a consolidated taxpayers' group; resident of special economic zone or territory of priority social and economic development; participant (successor of the participant)
of the regional investment project. Does not apply special tax regimes.
2 The chosen tax rate application method must be formalized in the accounting practices and may not be revised during the SPIC effective period
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