The Russian authorities have decided to develop four projects to change the investment protection regime, including new mechanisms for supporting large investment projects – returning part of the funds to investors. According to RBC, cashback will apply not only to the infrastructure of projects.
According to the newspaper, the government and relevant departments will prepare an investment growth program called “New Investment Cycle”, which will include four projects.
We are talking about regulatory changes in the regime of agreements on the protection and promotion of investment (SZPK), creating conditions for launching investment projects in the regions, reassembling the rules of industrial construction and affordable finance for investment projects. Medium and large business will be the beneficiary of the reforms.
According to RBC sources, it is planned to expand the tax deduction mechanism and introduce a motivational cashback for NWPC participants. “The legislation on NWPC will be amended, in particular, the composition of costs reimbursed to businesses within the framework of investment projects will be expanded. This is called cashback,” said a source close to the government.
Refunds may affect the cost of paying interest on a project in the investment phase or research and development, as well as the employment of redundant personnel.