Tax exemptions
Organizations registered in the territory of the Chuvash Republic and attracting investments in the amount of more than 50 Mio rubles have the right for tax exemptions: income tax relief, property tax relief, and investment tax credits.
Property tax
| Percentage rate | Description |
|---|---|
| 50% relief from property tax | For organizations registered in the territory of the Chuvash Republic and attracting investments in the amount of more than 50 Mio rubles within the entire payback period of the investment project, but not exceeding five years from the date of receiving the tax exemption |
| 0.1% - the property tax rate | For organizations that attract investments in the amount of more than 5 billion rubles and implement investment projects on the territory of the Chuvash Republic, in relation to property created (acquired) as part of the investment project, during the entire payback period of the investment project, but not more than five years from the date of receipt of tax exemption |
Income tax
| Percentage rate | Description |
|---|---|
| 14% profit tax rate for organizations | For organizations registered in the territory of the Chuvash Republic, provided that the investments exceed 50 Mio rubles, within the entire payback period of the investment project, but not exceeding five years from the date of receiving the tax exemption |
Investment tax deduction
| Percentage rate | Description |
|---|---|
| 8.5% - the income tax rate for organizations for determining the maximum tax deduction | For corporate investors, registered in the territory of the Chuvash Republic, attracting investments in the amount of more than 50 Mio rubles for the construction and (or) acquisition of permanent facilities, that were not previously in use (operation). Principle activity - activity, included in section C "Manufacturing" of Russian Classification of Economic Activities |