Tax relief for the Corporate Property Tax engaged in the production of electricity by thermal power plants.

Volumes of provision

Exemption from payment of the Corporate Property Tax.

Beneficiaries

Organizations engaged in the production of electricity by thermal power plants.

Conditions for granting

The tax relief shall be available in respect of the property of the newly created, purchased, modernized, reconstructed, technically re-equipped, accepted for accounting as the inventory fixed assets after December 31, 2011 by the organizations:
− in which the share of income from the sale of power, electric and thermal energy produced by thermal power plants, is not less than 75 percent of the total income from sales of goods (works, services); 
− in the implementation of investments in installations designed for the production of electricity and thermal energy by the Thermal Power Plants in the amount of not less than 5 billion rubles in the territory of the Krasnoyarsk Kray during the three years preceding the year of adoption of the above assets for accounting purposes as inventory fixed assets;
− Tax relief is used by organizations for not more than within three fiscal periods.

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

List of documents required has been established by the Law.

Where to apply

Federal tax agency's department for the Krasnoyarsk Kray.

Documents regulating the state support provision

Law of the Krasnoyarsk Kray No.  3-674 "On the Corporate Property Tax" dated from November 8, 2007.