N-Mining panorama

N-Mining is focused on discovery of largescale copper-polymetallic and gold deposits in Russian Far East

TAX BREAKS IN THE RUSSIAN FAR EAST

Tax breaks in the Russian Far East are introduced on October 02, 2013 On September 30, 2013, Russian President Vladimir Putin signed a law (Federal Law No. 267-FZ of September 30, 2013) that will provide tax breaks for investment projects in a number of Far Eastern and Siberian regions. The law came in force on January 01, 2014.

What territory does the tax breaks cover?

LTI local tax incentives, providing the taxpayer status with profit tax and mineral extraction tax (royalty) incentives according to article 25.9 of the RF Tax Code. Preferential tax rates for the LTI-status projects:

Production years

Mineral extraction tax rate

Profit tax rate

1-2

0

0

3-4

1.2

0

5

2.4

0

6

2.4

10

7-8

3.6

10

9-10

4.8

10

Standard rates

Royalty 6%

Profit tax- 20%