KALININGRAD, August 10. /TASS/. Amendments to the law on the special economic zone (SEZ) in the Kaliningrad region, submitted to the Duma, open a new vector of economic development of the region. According to General Director of JSC “Corporation for Kaliningrad region development” Vladimir Zarudny, after the adoption of the amendments, the region will be able to offer investors conditions that are not even in the EU.
“With the adoption of the bill on tax incentives special economic zone, as well as on the extension of validity of SEZ until December 31, 2095 year, the most Western region of Russia will be able to offer investors conditions that are not even in the EU. Reducing the tax burden on business – a mandatory social payments, under the bill, declining to 7.6% for the newly registered residents will attract new investors, to eliminate the “gray” wages will stimulate the creation of new jobs, to attract specialists from other regions of the country and from abroad,” – said Zarudny.
To attract human resources and IT companies
The main advantage that give to the state Duma amendments associated with reduced rates of insurance contributions. This opens up new opportunities for companies working with information technologies with a high proportion of attracting human capital, said acting Deputy Chairman of the regional government Alexander Shenderyuk-liquid.
With the position of the business agree the Commissioner for the protection of the rights of entrepreneurs in the Kaliningrad region Georgy Breath. “It would be fair tax cuts for everyone. When it is done selectively, there are questions among entrepreneurs: why someone with some perks, someone with others, and still others even without tax incentives. And unequal privileges is an additional administrative barriers, it is that particularly anxious, weak spot, which may cause corruption,” he said, commending the amendments to the law on the SEZ.
As explained TASS the Deputy of the state Duma, member of Committee on Federal structure and local self-government Alexander Patico, in the process of consideration of the bill the deputies promise to listen to opinion of business. “The second reading must be substantially amended based on the opinions of the Kaliningrad business. So far, the queue of investors wanting to come to the region, it is not necessary. Now our task is to defend the law, which will create conditions for a more dynamic socio-economic development of the Kaliningrad region”, – said the Deputy.
Amendments to the law
The government of the Russian Federation of August 9 submitted to the state Duma a bill that establishes incentives for income tax and insurance premiums for residents of a special economic zone (SEZ) in the Kaliningrad region. According to the document, organizations gain the status of SEZ residents, the rate on profit tax is set at 0% and is applied for six tax periods (beginning with the period in which in accordance with the data of tax accounting of the profit). During the following six tax periods the tax rate on profits is set at 10%.
In addition, the bill establishes reduced rates of insurance premiums for organizations that have received the SEZ resident status, provided the creation of new jobs. The total rate of insurance contributions will be 7.6%, including 6% in the Pension Fund of Russia (PFR), 1,5% – in social insurance Fund (SIF) and 0.1 % to the health insurance Fund (HIF). Reduced rates can be used by taxpayers that are included in the unified register of residents of the SEZ during the period from 1 January 2018 to 31 December 2022 inclusive. The deadline for applying lower rates to 31 December 2025.
The minimum investment for residents of the Kaliningrad SEZ working in the field of health, will be installed at least 10 million rubles, and in the fields of information technology, research and development – at least 1 million (for other areas, this threshold is 50 million rubles).
In addition, the amendments to certain legislative acts of the Russian Federation on the socio-economic development of the Kaliningrad region it is proposed to establish a simplified entry to the territory of the region are foreigners (previously it was reported about the possible introduction of e-visas).
Federal law “On special economic zone in Kaliningrad region” valid from 1 April 2006. Earlier it was reported that 2016 was a record number of new residents of the SEZ: registered 26 new legal entities (their total number reached 130), the volume of the declared investments exceeded 100 billion rubles.