Ivanovo oblast will maintain tax privileges on movable property

© Flickr / Konstantin MalanchevИваново, Russia. Archival photoIvanovo oblast will maintain tax privileges on movable property© Flickr / Konstantin Malanchev

The authorities of the Ivanovo region intends to 2018 to maintain the practice of preferential taxation of movable property of enterprises, reported RIA Novosti the representative of the press service of the government of Ivanovo region.

«The region will exercise my right to preserve this tax benefit. Such a decision was declared by the acting Governor of the region Stanislav Voskresenskiy, at the meeting of the regional government», — said the Agency interlocutor.

The state Duma on Wednesday passed in the second reading a bill that sends to the regional level the right to determine the tax concession on personal property that have been registered since 2013. The current edition of the Tax code, such property is exempt from taxation, however, from 1 January 2018, this exemption may be applied on the territory of the RF subject in the case of adoption of a regional law. In respect of the property, from the date of issue of which passed more than three years, and property related regional law to the category of innovative high-performance equipment, the bill gives the regions the right to introduce additional tax benefits, including fully exempt it from taxation. Movable property of legal entities not now subject to property tax, because it is a Federal exemption, although no tax is regional and the income from it, go to budgets of subjects of the Russian Federation

«In the Ivanovo region in the next year we plan to introduce such a benefit for our businesses. I believe that we must act responsibly to investors. Many Ivanovo enterprises in the field of mechanical engineering, textile industry, agricultural and other pledged certain investment programs. We should behave decently and responsibly. Therefore, the benefit of movable property we keep. It will be necessary to promptly prepare a bill and submit it to the regional Duma», — quotes the press-service of the word resurrection.