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Passed a Law UR from 13.07.2018 No. 42-RZ

The state Council of the Udmurt Republic adopted the Law of the Udmurt Republic from 13.07.2018 No. 42-RZ "On amendments to some laws of the Udmurt Republic", according to which:

1. Adjusted the conditions for granting and applying tax exemptions on profit tax and the property tax of the organizations implementing investment projects related to the implementation of capital investments.

2. Provided the conditions of application of the investment tax deduction in accordance with article 286.1 of the Tax code of the Russian Federation for organizations implementing investment projects and concluded with the authorized Executive body of state power of the Udmurt Republic special investment contracts, or agreements on public-private partnership or a concession agreement.

3. Adjusted the criteria that must be met by large-scale investment projects.

This document in accordance with paragraph 1 of article 5 of the shall come into force from 1 January 2019, with the exception of paragraph 4 of article 1, article 3, article 4, article 5, entered into force after its official publication.

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