28 November 2017
The new law extends the profit tax break for residents of priority development areas and Free Port Vladivostok, according to a Ministry for the Development of the Russian Far East press release.
Under the new law, projects worth more than RUB 500 million in investment may switch to the new regime after five years, projects worth more than RUB 1 billion after six years, and especially large-scale projects worth more than RUB 100 billion after nine years of operating without profit. The previous term was three years.
“For capital-intensive projects, we allow investors to benefit from the tax breaks longer, so they can recoup their investments and improve the economics of their investment projects. With major investments, the capex period takes longer, resulting in investors not generating a profit when the tax break has already ended. The new law will eliminate this imbalance”, Minister for the Development of the Far East Alexander Galushka said.
09 February 2024
The Carbon Unit Game: A New Environmental Monopoly?
The Roscongress Foundation prepared a report entitled ‘Carbon Neutrality: Saving the Planet or an Economic Weapon?’ on the prospects for managing greenhouse gas emissions to achieve the overall goals of combating global warming.
27 February 2024
Russia and Bahrain Look to Intensify Cultural and Humanitarian Cooperation
Advisor to the Russian President Anton Kobyakov held a meeting in Moscow with Ambassador Extraordinary and Plenipotentiary of the Kingdom of Bahrain to the Russian Federation Ahmed Al-Saati, during which the two officials discussed a wide range of issues concerning economic, cultural, and humanitarian cooperation between the two countries and reached a number of agreements.
05 March 2024
Mutual integration: Chinese entrepreneurs want to develop business in Russia
Anton Kobyakov, Adviser to the President of the Russian Federation, and Zhou Liqun, Chairman of the Chinese Entrepreneurs Union in Russia, met in Moscow.
