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Update - Russia Publishes Law Implementing Incentives for Investment in the Kuril Islands

|Approved Changes|Russia
Russia

Russia has published Federal Law No. 50-FZ of 9 March 2022, which provides for the implementation of the incentives for investment in the Kuril Islands. As previously reported, the incentives were announced by the Russian Government in November 2021 and include exemptions from corporate income tax, corporate property tax, land tax, and transport tax for companies starting a business in the Kur…

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