Tax breaks for Far East investors may extend to Tuva - Shatalov
NIZHNY NOVGOROD. Sept 13 (Interfax) - The planned tax breaks for investment projects in Trans-Baikal and Russia's Far East are slated to encompass Tuva, Deputy Finance Minister Sergei Shatalov told the press on Friday.
"They will be extended to Tuva. These are the president's instructions," Shatalov said, adding that the pertinent amendments will be made to a tax-break bill for the Far East that has already gone through its first reading in the State Duma.
The document envisions profit tax breaks for companies carrying out investment projects in Far East Federal District, Baikal Territory, Buryatia, and Irkutsk Region. Proposals that the bill also encompass Krasnoyarsk Territory and Tuva were voiced during a meeting of the Duma budget and tax committee on Monday.
The bill does not concern projects in the production or processing of hydrocarbons.