Privilege for profit tax
Jun, 28 2017
New draft law provides tax privileges for companies, investing in modernization of manufacture. It will be allowed to reduce profits tax for up to 50 % of investments. However, this privilege is limited, amount of paid tax shall not be less than amount of tax, calculated at rate of 5%.
This privilege will be granted for companies investing in modernization or reconstruction of manufacture i.e. buildings, vehicles, transport and facilities with lifetime from 3 to 20 years. Exceptions are foreign companies, and residents of zones with special tax regimes.
We will keep you informed.