Tax Benefits

Tax benefits in Chukotka Autonomous Region are provided in accordance with the Law of Chukotka Autonomous Region dated 18.05.2015 No. 47-OZ (as amended on 27.12.2016) "On Some Issues of Tax Regulation in Chukotka Autonomous Region", including

For the participants of regional capital investment projects

Reduction of the corporate income tax rate, in case of compliance with the application terms

Corporate income tax

Rate for the participants of regional capital investment projects

Standard Rate

0% — for 5 years after receipt of the first profit,
10% — for the next 5 years

20%

 

Reduction of the mineral replacement tax rate by application of decreasing coefficient

Mineral replacement tax

Rate for the participants of regional capital investment projects

Standard Rate

Decreasing coefficient:

Chapter 26

of the Tax Code

of the Russian Federation

0 — before application of the reduced income tax rate

0 — in the 1st and 2nd years after start of application of the reduced income tax rate

0.2 — in the 3rd and 4th years after start of application of the reduced income tax rate

0.4 — in the 5th and 6th years after start of application of the reduced income tax rate

0.6 — in the 7th and 8th years after start of application of the reduced income tax rate

0.8 — in the 9th and 10th years after start of application of the reduced income tax rate


For the participants of significant capital investment projects:

Reduction of the corporate income tax rate, in case of compliance with the application terms

Corporate income tax

Rate for the participants of significant capital investment projects

Standard Rate

13.5% — for 10 years starting from the tax period, when implementation of a significant capital investment project was completed

20%

For the residents of "Beringovsky" ASEZ

Reduction of the corporate income tax rate, in case of compliance with the application terms

Corporate income tax

Rate for the ASEZ residents

Standard Rate

0% — for 5 years after receipt of the first profit,

12% — for the next 5 years

20%

Reduction of the corporate property tax rate, in case of compliance with the application terms

Corporate property tax

Rate for the ASEZ residents

Standard Rate

0% — for 5 years after receipt of the first profit,

1.1% — for the next 5 years

2,2%

Exemption from payment of land tax (regulations in the adoption phase)

Land tax

Rate for the ASEZ residents

Standard Rate

0% — for 3 years

up to 1.5%