📋 Tender Overview
The Russian government has submitted to the State Duma a bill on the abolition of the regime of territorial development zones established by the federal law of December 3, 2011. The document has been posted in the electronic database of the lower house of parliament.
There are no functioning territorial development zones on the territory of Russia. No applications have been received from subjects of the Russian Federation to create such zones on their territory, including due to the possibility of using preferential regimes that are more attractive to regions and potential investors, such as special economic zones and territories of advanced development, the explanatory note says.
Earlier, amendments to the Budget Code of the Russian Federation abolished the Investment Fund of the Russian Federation, the funds of which could have been a source of providing state support measures to residents of territorial development zones. Other sources of financing state support measures for residents of territorial development zones are not envisaged, the Cabinet of Ministers points out.
Corresponding amendments to the Tax Code of the Russian Federation have also been submitted to the State Duma – they provide for the recognition as invalid of certain provisions of Part One of the Code, which provide for the provision of investment tax credits to residents of territorial development zones.
