The government of the Murmansk Region has maintained the scale of state support for investors at the same level
In connection with the adoption in 2016 of amendments to the Tax Code of the Russian Federation that redistributed 1% of corporate profit tax in favor of the federal budget, the amendments to the law of the Murmansk Region " On the rate of the corporate profits tax payable to the Murmansk Region budget for certain taxpayer categories” were promptly prepared by the Government of the Murmansk Region and adopted by the Murmansk Regional Duma, which allowed to maintain the scale of state support for investment activity subjects.
In the new edition of the law, the rate of profit tax, in the part credited to in the regional budget, is set at the level of 12.5% (previously 13.5%) for organizations implementing projects on creating new production facilities, and at the level of 16% (previously 17%) for organizations performing modernization of their production facilities.
In total to date, the Government of the Murmansk Region has concluded 12 agreements on state support of investment activities with a total investment scale of over 95 billion rubles. The implementation of the projects will provide jobs for 7,000 people.