Tax incentives, or tax preferences, are special rights granted to certain categories of taxpayers. These incentives reduce the amount of tax paid.
Residents of special economic zones are provided with a number of benefits that encourage investors to conduct their business in these countries. Customs incentives, such as the absence of VAT and import/export taxes, are very attractive to non-residents. When importing goods or raw materials from which new products will be manufactured, the state reimburses a portion of the costs. This encourages investors to conduct their business within the SEZ, and their number is growing with each passing city.
We have agreements with a number of countries that are willing to provide tax incentives to non-residents, particularly for investors in the economy and participation in local projects over which we have control and influence.