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Thursday, 19 November 2020 20:02

The law on benefits for residents of the Arctic zone of the Russian Federation was adopted in the Arkhangelsk region

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Deputies of the Arkhangelsk regional Assembly adopted the regional law on regional benefits for residents of the Arctic zone of the Russian Federation in two readings on Wednesday, said Viktor Ikonnikov, Deputy Chairman of the government of the Arkhangelsk region for project activities.
In the Arkhangelsk region, nine municipalities belong to the Arctic zone of the Russian Federation: Arkhangelsk, Novodvinsk, Severodvinsk, Onega, Primorsky, Leshukonsky, Mezensky, Pinezhsky districts and Novaya Zemlya.
"Today the decision was made in two readings. At the regional level, income tax benefits will be provided: for the first five years from the date of receipt of the first profit, the rate will be 5%, and for the next five years-10%. For property tax, the first five years 0.1%, the next five years 1.1%, " said Ikonnikov.
In addition, within five years, when applying the simplified tax system, rates will be at the minimum level that the Tax code of the Russian Federation currently allows. "This is 1% for the object of taxation of income and 5% for the object of taxation of income minus expenses," the source added.
The Deputy Chairman of the regional government noted that Federal benefits for residents of the Arctic zone of the Russian Federation can be applied only if the region establishes its own preferences for investors. "The Federal component of 3% in the income tax is reset to zero, but it only works if the region has made a decision on its benefits. It doesn't matter what, but that the benefits are accepted," he said.
Ikonnikov noted that now there is even competition between the Arctic regions to attract investors who are looking at both local preferences for residents and the opportunities of the subject of the Federation. "We looked at what decisions other regions make," he explained. - For example, the company decided where to register the business, in the Arkhangelsk region or not. And at first they planned not in the Arkhangelsk region, because at the first stage of development, the main contracts, the main work will be outside of our region. We showed the draft law that was formed by the regional government that the benefits are better than in the region where they planned. This, in our opinion, also influenced the decision to register and conduct business in the Arkhangelsk region."
As explained by the Agency's interlocutor, we are talking about the company "Arctic invest Stroy", the volume of investment is planned to be 717 million rubles, 108 jobs will be created. "This is a transport project that will work throughout the Russian Arctic," he added. - This is a good project for the Arkhangelsk region: more than a hundred jobs. The company will provide transportation services in the Russian Arctic for the development of oil and gas projects in the first place. Perhaps further plans will be adjusted and there will be other orders."
According to Ikonnikov, the advantage of the Arkhangelsk region is that a fairly large part of the region's territory is assigned to the Arctic zone, while a significant part of the population lives in the Arctic municipalities and most large industrial enterprises are located. "This is a good incentive for the emergence of new projects and existing enterprises, and the arrival of new business here," he said.

Source: https://tass.ru/ekonomika/10035035

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