Sverdlovsk Region to offer industrial parks tax break

9 December 2014 (09:50)

December 9, 2014. Governor of Sverdlovsk Region Evgeniy Kuivashev requested the local officials to look into the possibility of offering residents of the Mid-Urals-based industrial parks a tax holiday, Governor of Sverdlovsk Region’s Information Policy Department reports.

Kuivashev’s proposal will be taken into account during the drafting of the local legislation on special economic zones. These preferential terms will be offered to Bogoslovsky Industrial Park as soon as next year, as Krasnoturyinsk Duma is planning to offer the park’s residents a break from land tax till the year 2020. The issue was talked over at a meeting actually dedicated to support the authorities can give Bogoslovsky; this meeting was chaired by the Governor.

Russian President Vladimir Putin said in his address to the Federal Assembly on December 4 that one-employer towns must receive the same preferential treatment as the priority development zones.

‘We must think of how these preferential terms could be applied to local one-employer towns, and to Krasnoturyinsk first of all. The facilities have already been created, the park has already welcomed its first residents, and products are now being manufactured under a new brand,’ Kuivashev said.


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