Published on 30 Nov 2010 • Russian Federation |
Financial performance | Tax benefits | Term of incentive |
Annual revenue up to RUB 1 billion. (In order to confirm the right to tax benefits, a Project Participant is obliged, among other things, to submit to the tax authorities extracts from the book of record of income and expenses for confirmation of the annual revenue amount.) |
| 10 years. |
Annual revenue exceeding RUB 1 billion and Cumulative profit up to RUB 300 million. (Cumulative profits are calculated as the sum of profits at the end of the each subsequent tax period starting from the period in which the amount of annual turnover exceeds RUB 1 billion. The form for calculation of cumulative profits and tax base of a Project Participant should be approved by the Ministry of Finance.) |
| In each tax period during the 10 years, at the end of which cumulative profit does not exceed RUB 300 million. |