News

21 March 2017, 19:37

Business

LPR grants seven-year profit tax and land fee exemption to investors

LPR Council of Ministers has granted investors seven-year profit tax and land fee exemption, acting Council of Ministers member Natalia Khorsheva told a news briefing on Tuesday.

The move is aimed at creating favorable environment for implementing investment projects in the Lugansk People’s Republic, Khorsheva said.

The Council of Ministers resolution comes into force on the date of publication in the media. LPR parliament approved the law on investments on 7 March.

Earlier, State Customs Committee First Deputy Chairman Dmitriy Sulitskiy said his agency was drawing a resolution on foreign investment envisioning a three-year tax break. Director of the legal entities office under the State Tax and Revenue Committee Elena Sirota confirmed major tax incentives for the investors putting their money in key fields.

LuganskMediaCentre — 21 March — Lugansk