Regional investment project (RIP) is a project the purpose of which is the production of goods.
The procedure and conditions for the recognition of a regional investment project in accordance with Chapter 3.3 of the Tax Code of the Russian Federation.
In accordance with the provisions of articles 25.9 of the Tax Code of the Russian Federation, a taxpayer - a Russian organization - is recognized as a RIP parpicipant, if it meets the following requirements (simultaneously) of not being:
- a member of a taxpayer consolidated group;
- a non-profit organization, a bank, an insurance organization (insurer), a non-state pension fund, or an international professional fund;
- a participant of the stock market, a clearing organization;
- a former participant in a regional investment project;
- a participant (or a successor of the participant) the regional investment project being implemented;
The state registration of the organization is executed on the territory of the Russian Federation, where the RIP is implemented.
If the above-mentioned conditions are met, the Russian organization receives the RIP participant status from the date when it was included in the register of RIP participants.
Inclusion in the register of RIP participants
To be included in the register, the organization sends the application (drawn up in an arbitrary form) to the authorized body of state power of the Russian Federation and attaches the following documents:
- copies of the constitutive documents, certified in accordance with the established procedure;
- a copy of the document that confirms the fact of making an entry on the state registration of the organization in the Unified State Register of Legal Entities;
- a copy of the certificate of registration with the tax authority;
- investment declaration (with investment project attached);
- other documents that meet the requirements for regional investment projects and (or) their participants, established by the present Code and (or) the laws of the relevant subjects of the Russian Federation.
In accordance with the article 25.8 of the Code, if a regional investment project is implemented on the territory of several subjects of the Russian Federation, the application of an organization for its inclusion in the register are sent to the authorized body of state power of the Russian Federation, in which the organization is registered as a taxpayer (the tax authority for the location of the organization is considered).
In case if the documents given in subparagraphs 2 and 3 of the presented article, are not provided by the organization, then, the authorized body of state power of the Russian Federation - the federal executive body that carries out state registration of legal entities, individuals as sole proprietors, and confirms the fact of making an entry on the state registration of the organization in the Unified State Register of Legal Entities, sends the the interdepartmental request. And the federal executive body authorized to control and supervise taxes and fees, submits information on the fact of registration of such an organization with the tax authority.
Information confirming that the requirements established by subparagraph 1 of paragraph 1 of article 25.9 of this Code are met, is to be submitted by the federal executive body authorized to control and supervise taxes and fees, as an answer to the interdepartmental request of the authorized body of state power of the Russian Federation (as amended by Federal Law No. 144-FZ, dated May 23, 2016).
The authorized body of state power of the Russian Federation verifies that the documents attached to the application for inclusion in the register meet the list of documents specified in subparagraph 1 of this article, within three working days from the date of their submission. On the basis of the verification results, the authorized body sends (also within three working day from the date the documents were submitted) to the organization the information on one of the following decisions:
- on the acceptance of the application for consideration;
- on refusal to accept the application for consideration - in case if the documents specified in subparagraphs 1, 4 and 5 of paragraph 1 of this article weren’t submitted;
- unless otherwise is provided for by this paragraph, within thirty days from the date of sending the decision on the acception of the application specified in paragraph 1 of the present article, for consideration, the authorized body of state power of the subject of the Russian Federation in accordance with the procedure established by the law of this subject, makes a decision to include the organization in the register or to refuse to do it in case if the requirements established for regional investment projects are not met. Within five days from the date of making the relevant decision, the authorized body sends it to the organization;
- in accordance with the article 25.8 of the Code, if a regional investment project is implemented on the territory of several subjects of the Russian Federation, the authorized body of state power of the Russian Federation (that accepted the application from the organization for its inclusion in the register for consideration) in agreement with the authorized bodies of state power of the subjects of the Russian Federation on the territories of which the regional investment project is implemented, makes one of the decisions specified in this paragraph (the decision is to be made within forty days from the date of making a decision on the acception of the application from the organization for consideration);
- organization is included in the register from the 1st day of the calendar month which follows the month of making a relevant decision.
Tax benefits for RIP participants
In the Arctic zone of the Russian Federation
- profit tax rate is 0% for 5 tax periods starting from the tax period in which the first profit was received
Except for the Arctic zone of the Russian Federation
- profit tax rate is 10% for 5 tax periods starting from the tax period in which the first profit was received
- 13.5% - for the following 5 tax periods
Receiving tax benefits for an investment project is possible only if the organization is included in the register of RIP participants.
Доходы от реализации товаров, произведенных в результате реализации РИП, составляют не менее 90%.
Income received from the sale of goods produced during RIP implementation is at least 90%.
Each RIP is implemented by a traditional participant.
The amount of capital investments for the period
- 50 to 500 million rubles - if the period doesn’t exceed 3 years
- At least 500 million rubles - if the period doesn’t exceed 5 years
