The law sizing the reduced tax rate for SEZ residents was signed into

The project of the law “About introduction of amendments to the Section 1 of the Republic of Tatarstan “About tax assessment on profits tax for the organizations-residents of Special Economic Zone of industry-manufacturing type, created on the territory of Elabuga district, and Special Economic Zone of technical-innovation type “Innopolis”, created on territories of Verhneuslonsky and Laisevsky municipal districts of the Tatarstan republic” was signed into by the State Council after 3 readings.

The minister of budget of the Tatarstan Republic Radik Gaizatullin gave a talk about this law-in-draft. He pointed out that this project brought the provisions of Tatarstan Republic law “About tax assessment on profits tax for the organizations-residents of Special Economic Zone of industry-manufacturing type, created on the territory of Elabuga district, and Special Economic Zone of technical-innovation type “Innopolis”, created on territories of Verhneuslonsky and Laisevsky municipal districts of the Tatarstan republic” into compliance with the Tax Code of the Russian Federation.

According to amendments in legislation, the size of reduced tax rate for organizations-residents of SEZ, setting by laws of Russian Federation subjects can’t be more than 12.5% in years 2017-2020 (in the old revision of the Tax Code of the Russian Federation it was 13.5%)

The deputy chairman of the Committee of budget, taxes and finances Il’dus Kasymov spoke in support of this law-in-draft.

The State Council signed it into in 3 readings.