Investment Assistance

Local authorities do everything in their power to defend the interests of investors.

Land tax rate varies between 0.15% and 1.5% of a certain land lot cadastral value depending on land status and permitted use.

For selected land statuses land tax rate is lower than the rates set by the Tax Code of Russia, e.g.:

• tax rate is 5 times lower for parking houses land (individual garages or garage retail cooperatives);
• tax rate is 2 times lower for residential construction land;
• tax rate is 2 times lower for recreational land;
• tax rate is 1.5 times lower for parking land.

©Photo: Dmitry Roudakov

Consulting in Business Support Center, Municipal Agency of Omsk City

According to the Order of Ministry of Property Relations of Omsk Region No. 36-p of September 26, 2011, Concerning Approval of the Land of Omsk Region Settlements Cadastral Appraisal, Omsk City land cadastral value is now an average of 2.75 times lower than before January 1, 2012.

Additional tax preferences for investors deal with taxes payable to the budget of Omsk Region.

Reduced Tax Rates

Reduced tax rates apply to income and property taxes. Income tax rate is 13.5% while property tax rate varies between 0.01% and 1.1% for organizations investing in:

• agro-industrial and petrochemical clusters development;
• rubber car tubes and tyres production;
• manufacturing of goods, execution of activities or rendering of services under investments tax credit.

Reduced tax rate in an amount of 0.01% also applies to corporate property tax for a particular period of time providing that:

• organization estimated after January 1, 2013, is working in manufacturing or forestry and agriculture;
• 70% or more of organization’s income is accounted for by tubular glassware manufacturing.

Investment Assistance Legal Basis in Omsk Region

1. The law of Omsk Region dated October 17, 2008, No. 1076-OZ—Some Issues of Small and Medium Enterprises Support in Omsk Region.
2. The law of Omsk Region dated April 6, 2010, No. 1249-OZ—Public-private partnership in Omsk Region.
3. The law of Omsk Region dated December 11, 2012, No. 1497-OZ—Omsk Region Investment Activities Public Policy.
4. The law of Omsk Region dated December 25, 2012, No. 1505-OZ—Investments Tax Credit.
5. The law of Omsk Region dated April 8, 2013, No. 1533-OZ—Omsk Region Investments Fund.
6. The law of Omsk Region dated November 21, 2003, No. 478-OZ—Corporate Property Tax.
7. The law of Omsk Region dated November 24, 2008, No. 1106-OZ—Reduced Income Tax Rate Setting.
8. The Governor of Omsk Region Order dated December 24, 2008, No. 229-р—Omsk Region Investment Policy Statement Setting.
9. The Decree of Omsk City Council dated June 18, 2008, No. 147—Procedure for Omsk City Assurance Granting.
10. The Order of Omsk City Authorities dated March 23, 2014, No. 73-р—Creation of a Working Party for Approval of Investment Projects within the Territory of Omsk City.