Federal Law No. 300 came into force in August 2018, introducing amendments to statutory regulations that worsened the position of the taxpayer. This is a very dangerous trend, and could lead to negative consequences for residents’ activities, going as far insolvency and bankruptcy. <…> The image and attractiveness of the ASEZ tax regime and the development of the Far Eastern territories as a whole are being weakened — Anna Tsivileva, Chairman of the Board of Directors, Kolmar Group.
In August 2018 all residents and investors were hit with new rules, which amount to changing the conditions for providing benefits. If the rule initially stipulated that the status granted the right to make use of benefits and reduced tariffs on insurance premiums, then in the revised version there is a requirement to obs — Olga Surikova, Head of Far East Practice, KPMG in Russia and the CIS.
We realize that the legislation is undergoing fine-tuning, but we have also fallen into the same trap. Since we were among the first residents, our residency agreement contained neither a list of jobs nor a limit. A desk audit is now being conducted. It is unclear what actions the tax authorities will take next — Alexander Shumatov, General Director, Children’s Health Centre .
Expedited VAT refunds. It would appear that the issue has been resolved from a regulatory perspective, but due to a lack of earmarked funding from the FEDC (Far East Development Corporation) guarantees cannot be given to the tax authorities and, as a result, it is impossible to implement expedited VAT refunds at present — Denis Gros, Managing Partner, DA! Development Group; Executive Director, Avangard Industrial Park .
Of the problems that are now coming to a head, we know that there is a pending amendment to the Land Code regarding benefits in relation to the provision of FPV land without tender procedures. <…> If it is passed, if this benefit is lost, then we will see an erosion in the confidence of business in the economic regime — Anton Skorik, Chairman, Vladivostok Free Port Residents Support Association; General Director, Renaissance.
The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.
The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.
Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.
The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 188 Russian public organizations, federal and legislative agencies, and federal subjects.
The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, Spanish – t.me/RoscongressEsp and Arabic t.me/RosCongressArabic. Official website and Information and Analytical System of the Roscongress Foundation:roscongress.org.