Sakha Republic lawmakers take up two tax bills on investment projects

Lawmakers in Russia's Sakha Republic (Yakutia) took up two tax bills at the 20th plenary session of the Il Tumen parliament last week. The bills were initiated by Republic Head Aisen Nikolaev, and the deputies moved them to a final reading.

The first bill (No. 446-7) amends the republic's tax policy law as part of a 2026–2030 budget consolidation plan. For participants in regional investment projects, the profit tax rate rises from 13.5% to 16% in years six to ten; the first five years stay at 10%. Calculations show an extra 5.1 billion rubles for the budget.

The second bill (No. 447-7) raises the minimum main investment threshold for precious metal extraction projects fourfold from 1 January 2027: 2 billion rubles for three-year projects and 20 billion for five-year ones. Economy Minister Pyotr Popov told deputies that 29 companies operate in the republic, 16 of them under investment project status.