The law establishing the size of the lowered tax rate for residents of the SEZ is adopted

The bill "About modification of article 1 of the Law the Republic of Tatarstan "About establishment of the tax rate on the income tax for the organizations — residents of the special economic zone of industrial and production type created in the territory of the Yelabuzhsky municipal district of the Republic of Tatarstan, and the Special economic zone of technology development type «Innopolis», created in the territories of the Verkhneuslonsky and Laishevsky Municipal Districts of the Republic of Tatarstan" it is accepted by the State Council in three readings.

The report on the bill at parliamentary session was made by the Minister of Finance of the Republic of Tatarstan Radik Gayzatullin. He noted that this project brings into accord with provisions of the Tax code of Russian Federation provisions of the Law of the Republic of Tatarstab "About Establishment of the Tax Rate on the Income Tax for the Organizations — residents of the special economic zone of industrial and production type created in the territory of the Yelabuzhsky municipal district of the Republic of Tatarstan, and the Special economic zone of technology development type «Innopolis», created in the territories of the Verkhneuslonsky and Laishevsky Municipal Districts of the Republic of Tatarstan".

According to changes in the legislation the size of the lowered tax rate for the organizations ‒ residents of the special economic zone established by laws of territorial subjects of the Russian Federation there can't be higher than 12,5 percent in 2017 ‒ 2020 (in earlier current version of the Tax code of Russian Federation it constituted 13,5 percent).

The vice-chairman of Committee on the budget, taxes and finance Ildus Kasymov supported the bill.

The State Council approved the bill in three readings.