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0% rate for residents of ‘South Yakutia’ Advanced Social Economic Development Zone

  • Published in Economy
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On October 26, at the XXXI (regular) plenary session of the parliament of Yakutia, people's deputies supported changes to Article 3 of the Law of the Republic of Sakha (Yakutia) "On the Tax Policy of the Republic of Sakha (Yakutia)."

The republican draft law "On Amendments to Article 3 of the Law of the Republic of Sakha (Yakutia) "On the Tax Policy of the Republic of Sakha (Yakutia)" provides for a privilege in the form of a reduced property tax rate of 0% for organizations that received the resident status of ‘South Yakutia’ Advanced Social and Economic Development Zone.

 Also, a reduced property tax rate of 0% is proposed to be extended to property located directly in the territory of ‘South Yakutia’ Yakutia’ Advanced Social and Economic Development Zone and registered as fixed assets after the day of inclusion of the relevant organization in the register of residents of the zones of advanced social and economic development.

The deputies adopted the draft law in the second and final reading, the press service of Il Tumen reports.