Found: 5

What Tax Incentives are Available for Entrepreneurs and Investors in Russia?

... involved in agriculture and socially significant industries can also take advantage of tax incentives: Unified Agricultural Tax (UAT). For companies engaged in agricultural production, a special tax regime provides simplified taxation at a rate of 6%. VAT exemptions. Certain types of agricultural products benefit from a zero VAT rate, significantly reducing the tax burden. Social enterprises. Organizations working in the social sector may qualify for tax incentives, including exemptions from corporate ...

The Pros and Cons of Different Tax Regimes for Businesses in Russia

... for agricultural enterprises involved in the production of agricultural goods. Advantages of UAT: Low tax rate. The UAT has a tax rate of 6% on the difference between income and expenses. Simplified reporting. Agricultural enterprises under UAT are exempt from profit tax and VAT (except for VAT on imports). Special benefits. Agricultural companies can access additional advantages and subsidies. Disadvantages of UAT: Activity restrictions. UAT is only available to enterprises whose primary activity is agricultural production....

Amendments to Mining Taxation in Russia: What Changes for the Cryptocurrency Sector and Investors

... cryptocurrency as property and the ability to account for mining costs could make this sector more resilient to market fluctuations. Increased Appeal of the Cryptocurrency Sector for Business By providing tax incentives for cryptocurrency transactions and VAT exemptions, Russia is creating a more attractive environment for miners and cryptocurrency companies that wish to operate legally. This could also encourage companies to localize operations and increase mining volumes. Comment from Sergei Tereshkin, CEO ...

Skolkovo: One of the Leading Incubators in Russia

... stay up-to-date with current trends and network with potential partners and investors. Open Oil Market — Skolkovo Resident My company Open Oil Market is a resident of Skolkovo and enjoys all tax benefits provided by the center. As a result, we are exempt from corporate income tax, property tax, and VAT on certain goods and services. This allows us to significantly reduce costs and allocate more resources to develop and scale our business. Additionally, resident status gives us access to grants for research and development, helping us accelerate ...

Features and Pitfalls of Investing in Gold

... financial institutions to identify the most favorable terms. For holdings of gold less than three years, the owner will incur VAT, which may lead to losses rather than profits. This factor should be considered during the purchase. Investment coins are exempt from VAT. Therefore, for short-term investments, acquiring these is preferable. When purchasing coins, it is best to avoid the smallest denominations as their prices are typically inflated due to production costs. Very large coins should also be avoided as ...