Tax climate in the region

The tax climate in the region is determined by the set of the acts regulating elements of the tax system of the Russian Federation:
• kinds of taxes;
• distribution of taxes depending on the budget levels;
• taxation.

According to the Tax Code of the Russian Federation, federal, regional and local taxes are distinguished. Federal taxes — sizes of the rates, objects of taxation, payers of the taxes, order of their transfer into the budget and commercial funds are established by the legislative acts of the Russian Federation and are raised in its entire territory.

Regional taxes and their rates are established by the acts of the Russian Federation and regional bodies of authority and are raised in the whole territory of the region.

The rates under the local taxes (land tax, natural person property tax) are established by the representative bodies of local self-governing authorities of urban districts,municipal areas and rural settlements.The tax on profit of organizations is established by chapter 25 of the Tax code, and is obligatory to payment in the territory of the Russian Federation. The tax rate under the tax on profit is established at the rate of 24 percent, thus: the sum of the tax estimated at a rate of 6,5 percent is accounted into the federal budget; the sum of the tax estimated at a rate of 17,5 percent is accounted into the budgets of the subjects of the Russian Federation.

The tax rate of the tax, subject to be transferred into the budgets of the subjects of the Russian Federation, can be lowered for separate categories of tax bearers by the laws of the subjects of the Russian Federation. Thus, the specified tax rate cannot be lower than 13,5 percent.

The tax on property of organizations is established by chapter 30 of the Tax Code and laws of the subjects of the Russian Federation, and from the moment of introduction in action is obligatory to payment in the territory of the corresponding subject of the Russian Federation.

Establishing the tax, the legislative (representative) bodies of the subjects of the Russian Federation determine the tax rate in limits established by the present chapter, order and terms of payment of the tax, form of accounting under the tax. With the establishment of the tax, the laws of the subjects of the Russian Federation can also provide tax privileges and bases for their use by tax bearers.

The transport tax is established by chapter 28 of the Tax Code and laws of the subjects of the Russian Federation on the tax, and is introduced into action according to the present Code by the laws of the subjects of the Russian Federation on the tax and is obligatory to payment in the territory of the corresponding subject of the Russian Federation.

The tax rates are established by the laws of the subjects of the Russian Federation respectively depending on capacity of the engine, draft of the jet engine or total capacity of transport means, category of transport means in account on one horse force of capacity of the engine of a transport means, one kg of force of draft of the jet engine, one register ton of a transport means or unit of a transport means.

The forms of the government assistance for the participants of the investment activity are established in compliance with the Krasnoyarsk Krai law by 30.09.2004 № 12-2278 “The state support of the investment activity”.

Tax benefits on regional taxes for the subjects of the investment activity are giving to detached categories of taxpayers witch are united by the activity category, sectoral, social or other sign, including projects of creating new manufactures executors witch are not realized by this investor on the territory of the Krasnoyarsk Krai.

The state guarantees of the territory are given to the investors for maintenance of execution of their obligations before the third persons. The Board of the Krasnoyarsk Krai administration within the framework of the agreement on the state support of investment activity can take up the obligations (guarantees) to compensate possible damage of investors, caused by default of fulfilling conditions, stipulated by the contract.

The budget credits are given to the investors on returnable and compensated bases. Target character, conditions, order of granting and limits are established by the law of the Krai on the regional budget for the appropriate financial year and the Law of the Krasnoyarsk Krai “On the budget process in the Krasnoyarsk Krai”.

The investment tax credit is such a change of term of tax payment, with which the opportunity during the certain term and in the certain limits is given to legal persons to reduce the tax payments, subject to be transferred into the regional budget, with subsequent gradual payment of the sum of the credit and charged interests.

The investment tax credit can be given at the level of regional taxes, and also under tax for organizations profit into the regional budget. The investment tax credit under the regional taxes can be given for the term of from one year till seven years.

The rate of interest for using the investment tax credit under regional taxes is established at a rate from 1/10 up to 1 from the rate of refinancing of the Bank of Russia. The investment tax credit under the regional taxes is given at a rate of not more than 50 percent of expenses on realization of the investment project.

The preferential rate of a rent payment for using the property is established for legal persons, realizing investment projects and renting state property of the Krasnoyarsk Krai, for the term of till five years, but not more than the term of compensation of the project, at a rate of 50 percent of the established size of a rent payment.

The subsides for compensation of a part of expenses on interest payment for using the credits received by the subjects of investment activity at the Russian credit organizations, and also on rent payment for property, got by the rent contracts for realization of the investment projects, represent partial compensation for the expenditures.

The order of registration of investment projects, estimation of efficiency of a capital investment, selection of the investment projects for compensation of expenses subsidies, expenditures of means of the regional budget are established by The Board of the Krasnoyarsk Krai administration Act dated from 23.03.05 № 91-p “On state support of investment activity”.

Tax system of the Krasnoyarsk Krai

*) Rate determine by the representative organs of municipal organizations.

Distribution tax receipts in terms of federal, regional and municipal budgets

The rating, appropriated to the Krasnoyarsk Krai by rating agency “Expert РА” — 2C (average potential and high risk).

In the rating of regions of the Russian Federation in investment potential the Krasnoyarsk Krai ranks 7th, and in investment risk 64th.

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