| 1. Tax remissions |
| 1.1. Exemption from corporate property taxes | | For a term of payback of a project, but no more than three years of the actual use of privilege at the most | 1. The law of Krasnodar region from July, 2 of 2004 N° 731-ÊÇ "About government stimulation of investment activity in Krasnodar region"; 2. The law of Krasnodar region from November, 26 of 2003. N° 620-ÊÇ "About corporate property tax" | - for organization, implementing investment projects, approved by the administration of Krasnodar region; - for lending agencies, allotting credits for a term of more than one year for implementation of investment and leasing projects, on conditions that volume of credits for these purpose makes up no less than 20% from the total volume of credits, allotted by a lending agency, and a leasing interest rate doesn’t exceeds ruling refinancing interest rate of the Central Bank of the Russian Federation for the date of making of leasing contract; - for lending agencies, allotting leasing subjects for implementation of investment projects, approved by the highest executive branch of the government of Krasnodar region, to the extent of a property, given under leasing agreement for implementation of the given investment projects; - et alias. |
| 1.2. Tax rebate over corporate profits tax | Tax rate 13,5 % | For a term of 5 years. | 1. Internal Revenue Code of RF; 2. The federal law from July, 22 of 2005. N 116-ÔÇ "About basic economic areas in Russian Federation" 3. The law of Krasnodar region from July, 02 of 2004. N° 731-ÊÇ "About government stimulation of investment activity in Krasnodar region" 4. The law of Krasnodar region from February, 6 of 2008. N°1378-ÊÇ "About establishment of taxation rate for corporate profits tax for certain categories of taxpayers of Krasnodar region" | 1) For organizations, which are residents of special economic areas 2) organizations, which main activity is crude production and (or) oil production at the territory of Krasnodar region, on conditions that amount of corporate profits tax, computed in the current tax period at an interest rate, established by this law, exceeded the amount of corporate profits tax, computed and paid to the regional budget in the previous tax period, no less than at 5%. 3) organizations, which main activity is cement making at the territory of Krasnodar region, within the bonds of payback period of the implementing investment project over operation improvement and increasing of its engineering-and-economical performance in aims of increase of production capacities, quality improvement and (or) change of range of products, but no more than five years |
| 1.3. Relief from a transport tax | Tax rate depends on engine power and model year | For a term of 5 years. | The law of Krasnodar region from November, 26 of 2003. N 639-ÊÇ "About transport tax at the territory of Krasnodar region" | For residents of special economic area, created at the territory of Krasnodar region, over vehicles, using for carrying out of activities, stipulated in an agreement about carrying on business at the territory of special economic area, and not passed into possession and (or) using to other persons. |
| 1.4. Granting of investment tax credit over corporate profits tax and regional taxes as related to the regional budget. | Credit is granted on the base, prescribed in 731-ÊÇ to the sums of credit, determined over agreement between the body, authorized to make a decision over granting of investment tax credit, and investor. | For a term of payback of a project, but no more than three years. | 1. Internal Revenue Code of Russian Federation 2. The law of Krasnodar region from July, 02 of 2004. N° 731-ÊÇ "About government stimulation of investment activity in Krasnodar region" 3. The order of granting of investment tax credit, prescribed by the highest executive branch of the government of Krasnodar region | The Relief is provided if at least one of the following reason presents: a) this organization carries out research efforts or development works or technical retooling of own production, including creation of working places for disabled persons or environmental protection from industrial pollution and (or) increase of energy efficiency of goods production, work delivery, rendering of services; b) this organization implements development and innovative activity, including creation of new or improvement of existing technologies, creation of new sorts of raw materials; c) this organization carries out an order of especial importance over social and economic development of Krasnodar region or provides especial services to the population; d) this organization carries out a State defence order; e) this organization invests in creation of objects with the highest rating of energy efficiency, including tenement houses and (or) objects, related to renewable energy, and (or) related to objects of production of heat or electrical energy, with coefficient of efficiency more than 57%, and (or) other objects, technologies with high energy efficiency, as provided by the list, approved by the Government of Russian Federation; f) investor implements an investment project, approved by the highest executive branch of the government of Krasnodar region with the prescribed form of government support in terms of investment tax credit. |
| 2. Establishment of preferential land use |
| 2.1. Rental rate from cadastral value of land | | For period of design and survey works and building, but no more than three years | 1. The law of Krasnodar region from July, 02 of 2004. N° 731-ÊÇ "About government stimulation of investment activity in Krasnodar region"; 2. The order of determination of rental rate from cadastral value of land is established by the highest executive branch of the government of Krasnodar region | For organizations, which implement their investment projects, approved by the regional administration over plots, publicly owned by Krasnodar region |
| 3. Backing Regional budget to 2011 year stipulates this form of government support only for enterprises of agro-industrial complex and subjects of small and medium enterprise. Financing of these expenditures over other branches is not stipulated by the regional budget. |
| 3.1. Backing from the regional budget of a part of expenditures for payment of interests on credits, obtained by investors in landing agencies | 3/4 of refinancing interest rate of the Central Bank of the Russian Federation | For a term of payback of a project, but no more than three years. | 1. The law of Krasnodar region from July, 02 of 2004. N° 731-ÊÇ "About government stimulation of investment activity in Krasnodar region" 2. The Decree of the head of the administration (governor) of Krasnodar region from June, 5 of 2008. N° 498 "About establishment of the Order of backing (reimbursement)from the regional budget of a part of expenditures for payment of interests on credits, obtained by investors in landing agencies for implementation of investment projects, approved by the highest executive branch of the government of Krasnodar region" Regional budget to 2011 year doesn’t stipulate financing of this form of government support | 1) It is provided to organizations, which implements investment projects, approved by the regional administration 2) It is provided to leasing agencies, which supplies machinery, equipment and transport vehicles for implementation of investment projects, approved by the regional administration |
| 3.2. Backing from the regional budget of a part of expenditures for payment of warrants over issued corporate bonded debts | 1/2 of refinancing interest rate of the Central Bank of the Russian Federation | For a term of payback of a project, but no more than three years. | 1. The law of Krasnodar region from July, 02 of 2004. N° 731-ÊÇ "About government stimulation of investment activity in Krasnodar region" 2. The Decree of the head of the administration of the region from May, 17 of 2005. N° 433 "About the Order of backing (reimbursement)from the regional budget of a part of expenditures for payment of warrants over issued corporate bonded debts, issued by investors for implementation of investment projects " | It is provided to organizations, which implements investment projects, approved by the regional administration |
| 3.3 Backing from the regional budget of a part of expenditures for payment of percentages over loans taken out in Russian landing agencies | | | The Decree of the head of the administration (governor) of Krasnodar region from April, 23 of 2009. N° 324 "About backing (reimbursement)in 2009-2011 years from the regional budget of a part of expenditures for payment of percentages over loans taken out in Russian landing agencies and obtained in agricultural credit consumers' cooperative" | It is provided over investment credits, obtained by agricultural commodity producers, organizations of agro-industrial complex irrespective of their business entity, farms and agricultural consumers' cooperatives |
| 4. Granting of state guarantees and budget investments of Krasnodar region |
| 4.1. State guarantees | Within the bonds of the total sum as provided by the Law of Krasnodar region about regional budget for next financial year. | | 1. The law of Krasnodar region from July, 02 of 2004. N° 731-ÊÇ "About government stimulation of investment activity in Krasnodar region"; 2. Te Law of the region from March, 13 of 2008. N° 1411-ÊÇ "About the order of granting of state guarantees of Krasnodar region" | On competition basis |
| 4.2. Granting of budget investments for financing of investment projects in the order, prescribed in budget legislation of Russian Federation. | The volume is determined by the law of Krasnodar region about regional budget for the respective year | | 1. The Fiscal Code of Russian Federation 2. The law from July, 02 of 2004. N° 731-ÊÇ "About government stimulation of investment activity in Krasnodar region" 3. The Decree of the head of the administration (governor) of Krasnodar region from June, 3 of 2010. N° 426 "About the order of checking of investment projects
with respect to efficiency of use of regional budget means,
aimed to capital investment" | |
| 5. Support of investment projects |
| 5.1 Support of investment projects | | For a term of payback of a project, but no more than three years. | 1. The law of Krasnodar region from July, 02 of 2004. N° 731-ÊÇ "About government stimulation of investment activity in Krasnodar region"; 2. The Decree of the head of the administration (governor) of Krasnodar region from March, 29 of 2010. N° 205 "About the organization of support of investment projects, implemented at the territory of Krasnodar region" | Support should be provided to an investment project, which is implemented at the territory of Krasnodar region and which is decided to be supported by the commission over examination of the question of support of investment projects, implemented at the territory of Krasnodar region |
