Investment tax credits for regional taxes

Volumes of provision

The maximum amount of granting investment tax credits for income tax of organizations in terms of the amounts to be paid to the Kray budget and for regional taxes in 2016 has been set in the amount of 50000.0 thousand rubles.

Beneficiaries

An organization, performing an investment project implementation, aimed at the development of one of the economic activities: crop production, animal husbandry, forestry, wood processing and production of wood products, food products and beverages, manufacture of machinery and equipment, construction, production of bricks, tiles and construction products, in baked clay, cement, lime and plaster, production of articles of concrete, plaster and cement, production of metal constructions and products

Conditions for granting

Requirements to be met by a legal entity:
absence of procedure in the process of reorganization, liquidation or bankruptcy against the applicant;
absence of overdue debts on obligatory payments to the budgetary system of the Russian Federation.

Granting an investment tax credit for regional taxes shall be carried out under the following conditions:
a) for a period not exceeding the term of recoupment of the investment project, but not exceeding 5 years;
b) the amount determined in accordance with the provisions of the Tax Code of the Russian Federation, but not exceeding the total amount of the investment project investment;
c) interests shall be accrued on the amount of the investment tax credit on the basis of ½ of the refinancing rate of the Central Bank of the Russian Federation.

List of documents required to make a decision on the support granting

Organization applying for granting an investment tax credit for regional taxes, shall submit an application, consisting of the documents as follows:
1) application to the Government of the Krasnoyarsk Kray;
2) copies of the constituent documents and amendments thereto;
3) copies of certificates of state registration of the Organization as a legal entity and on tax registration of the Organization;
4) business plan of the investment project;
5) copy of the information letter of the territorial body of the Federal State Statistics Service of for Krasnoyarsk Kray, registered in the statistical register of business entities of the Federal State Statistics Service, on the implementation by the organization of one of the economic activities, stipulated by conditions of granting the investment tax credit;
6) balance sheets of the Organization for the past three financial years;
7) certificate of the tax authority at the place of registration of the taxpayer on the status of settlements with the budgets on taxes and duties;
8) information on the main economic and financial indicators of the Organization's activities over the past three financial years;
10) Tax Returns for the previous tax period and the last reporting period of the year;
11) calculations of the debt amount on regional taxes, phased payment of the amount of the investment tax credit and accrued interest (for each payment of the corresponding taxes, for each reporting period).

Where to apply

Ministry of Economic Development and Investment Policy of the Krasnoyarsk Kray

Documents regulating the state support provision

Law of the Krasnoyarsk Kray No. 12-2278 "On state support of investment activity in the Krasnoyarsk Kray" dated from September  30, 2004;
 Law of the Krasnoyarsk Kray No.  8-2933 "On the specifics granting the investment tax credit in the Krasnoyarsk Kray" dated from February 19, 2009;
Krasnoyarsk Kray Government Resolution No. 181-п "On Approval of the Procedure and conditions for acceptance of conclusions on the possibility of granting investment tax credit for regional taxes" dated from April 14, 2009.