The Supreme Council of Khakassia’s Committee on Budget and Tax Policy considered a bill granting profit tax breaks to residents of the Khakassia Technology Valley special economic zone.
The tax is credited to the Republic of Khakassia’s budget. Under the proposal, the rate would be zero for ten tax periods, starting with the period in which a company first records a profit in its tax accounts. The rate would then be 13.5%.
Committee members approved the bill and recommended that it be adopted at the next session. Budget Committee Chair Valery Markov said the measure is intended to create conditions for attracting investment to the republic.
