The Liberal Democratic Party called for the inclusion of industrial credit and the abolition of VAT into the FEZ regime in the DPR

The chairman of the LDPR branch in the Donetsk People’s Republic (DPR), Andrei Kramar, said that the abolition of VAT and affordable industrial credit should be included in the free economic zone (FEZ) regime in the region. About this he informed on his page in “Vkontakte”.

“The Donetsk regional branch, like the entire LDPR faction, believes that the annexed territories should become the engine of economic growth. In our opinion, the FEZ should include such concepts as the abolition of VAT and the development of affordable industrial credit,” Kramar said.

Earlier, Prime Minister Mikhail Mishustin, during a report on the work of the government in the State Duma, announced that on March 24 a bill on the creation of free economic zones in new territories was submitted to the State Duma. At the same time, he announced the plans of the Cabinet of Ministers to restart the economies of the Donetsk and Lugansk People’s Republics, as well as the Zaporozhye and Kherson regions.

March 21 on the development of such a bill by the Ministry of Construction and Housing and Communal Services of Russia informed source RBC. Then the interlocutor of the publication said that the zone will begin to operate on January 1, 2024 until the end of 2050.

At the end of February, about the emergence of a free economic zone in the DPR told Chairman of the Government of the region Vitaly Khotsenko. Then he said that the SEZ will be with “unprecedented” conditions and is based on the “Crimean” option.

Since 2015, the free economic zone began to operate on the territory of Crimea and Sevastopol. It implies preferential treatment in the field of land relations, construction, special conditions for entrepreneurs, benefits and preferences for investors, as well as the possibility of applying the free customs zone procedure. FEZ businessmen, in particular, do not pay property tax for the first 10 years, the first three years are exempt from land tax (if they own it) and deduct insurance premiums at a reduced rate (7.6% instead of 30%). The completion of the agreement is planned for 2039.