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Tax on the profit of organizations 4. Organizations – residents of the special economic zone located at the territory of St. Petersburg

The right to apply the reduced tax rate on the profit of organization is in force during the whole period of existence of the special economic zone located at the territory of SaintPetersburg.

The rate of the tax on the income of organizations which is paid into the budget of St. Petersburg is established as 13.5%.

This tax rate is applicable only for enterprises’ activity, realized on the territory of the special economic zone and on the condition of separate calculating of incomes(costs), gained from activity realized on the territoritory of special economic zone and incomes(costs) gained from other activities.

Tax on the property of organizations 5. The legal persons meeting the following requirements simultaneously: 1)Organizations which are taxpayers of the corporate tax (entered into the budget of St. Petersburg); 2) Organizations which have made, since January 1, 2005 in St. Petersburg in any calendar year, investments (at least RUR 150, 000,000) in fixed assets for production purposes (in their own production of goods, works, services in St. Petersburg for sale to third parties to receive profit).

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The right to apply the reduced tax rate on the profit of organizations can be given since the first day of the first month of the calendar year following the calendar year when investments into fixed assets makes up at least RUR 150, 000,000 for three tax periods.

In case of alienation of the basic means and in case of their transfer to the branches and other separate departments which do not have the status of the legal person and are located outside the territory of St. Petersburg before the expiration of a three year term since occurrence of the right to the privilege, the sum of the tax on the income of organizations should be recounted basing on the rate of 1.1% during the whole period of using the privilege.

Investments are considered as purchase (except for purchase of the basic means under the leasing contract) and introduction of the basic means which have not been used on the territory of St. Petersburg before, construction (including in the economic way), reconstruction and modernization of the basic means, and also receiving as a contribution to the authorized capital of the basic means which have not been used on the territory of St. Petersburg before and their following introduction20. Taxpayers shall submit to the tax authority where it is registered financial reporting for the first reporting period when the reduced corporate tax rate was applied, including: - name, historical cost, the date of the fixed assets commissioning: - documents confirming the formation of thee historical cost of fixed assets (except for fixed assets created by economic means); - name, depreciated cost and alienation date of fixed assets. The tax bearer loses the right to use the reduced rate of the tax on the property of organizations since the first day of the first month of the calendar year following the calendar year when the total sum of taxes and tax collections (including advance payments) to be paid into the budget of St. Petersburg has made less then the total sum of taxes and tax collections (including advance payments) to be paid into the budget of St. Petersburg for a calendar year preceding the year of beginning of

According to the Decision of St. Petersburg of 05.06.2007 No. 632 (A. 1, I. 2, P. 3). 45

Business.support.structure.in.St.Petersburg  

1. STATE AND MUNICIPAL AUTHORITIES IN ST. PETERSBURG In St. Petersburg the system of state authorities was formed which has statutory object...

Business.support.structure.in.St.Petersburg  

1. STATE AND MUNICIPAL AUTHORITIES IN ST. PETERSBURG In St. Petersburg the system of state authorities was formed which has statutory object...

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