The Chamber of Commerce and Industry proposed that residents of special economic zones (SEZs) be exempted from the obligation to pay excess income tax, called unexpected tax. According to the newspaper’s report, this is due to the conclusion reached by the parliament, which was presented during the second reading of the bill. “News”.
The offer is valid only for companies that made capital investments in 2018 and 2019 and whose projects did not reach 50% of their planned production capacity. Experts say the bill, passed at the first reading in late June, deprives companies of investment incentives. Accepting the exemption will encourage companies to invest in their development.
According to the bill, “surplus profit” is defined as the portion of 2021-2022 average revenue that exceeds 2018-2019 revenue. However, the President of the Chamber of Commerce and Industry, Sergey Katyrin, explained that the document does not provide exemptions for taxpayers who made capital investments in 2018 and 2019, but did not carry out significant business activities and did not generate significant profits.
According to CCI’s proposal, residents of special economic zones who made capital investments in 2018 and 2019 and whose projects did not reach 50% of their planned generation capacity will be exempt from unexpected tax. The Chamber sent a letter of opinion to Andrey Makarov, chairman of the State Duma Committee on Budget and Taxes of the Russian Federation.
Earlier, it was reported that the total contribution of the Russian electricity sector to the budget is for the excess earnings tax. can be as much up to 25 billion rubles. The newspaper Kommersant wrote about this, citing its own calculations.
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