The Federation Council approved a law providing for a deduction for participants in agreements on the protection and promotion of investments (NWPC) concluded after June 1, 2022. It is provided only under those agreements where one of the parties is the Russian Federation.
Such a deduction allows the participant of the NWPC to reduce the amounts of taxes and advance payments on them payable to the budget by the actual costs for which the provision of state support measures is provided. It can be obtained simultaneously for three taxes - on the profit of organizations, on the property of organizations and land.
As a result of the application of this deduction, the taxes payable may be reduced to zero. The maximum amount of deductions is indicated in a special notification that is sent to the Federal Tax Service of Russia by an authorized federal executive body.
In addition, this law establishes the procedure for conducting tax monitoring in relation to the participants of the NWPC. At the same time, its subject, along with the correctness of calculation (withholding), completeness and timeliness of payment (transfer) of taxes, fees, insurance premiums, is also the verification of actual costs for which Federal Law No. 69-FZ of 01.04.2020 provides for the provision of state support measures.
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