10 March 2010, 13:38
The Bill (Reg. No.2356) introduces investment and innovation tax credit, and establishes the rates of income tax in the amount of 20 per cent, provided the income is invested into the renovation of fixed assets of 2 and 3 groups (except of motor cars) and objects of non-material assets in the form of titles to industrial property, provided they are used in economic activity for not less than three years. The Bill creates certain conditions for promotion of investment and innovation activity of the subjects of entrepreneurship. Inter alia, the Bill envisages a special privilege in the form of investment and innovation tax credit.
Relevant amendments will be introduced to the following Laws: "On Taxation of Income of Enterprises", and "On Settlement of Taxpayers´ Obligations to Budgets and State Purpose Funds".