Taxation
Availing of the European Special Economic Zone (SEZ) is one of the key determinants for developing in the Rezekne region.
The Tax benefits offered by the Rezekne Special Economic Zone have been recognised in the fDi's Global Free Zones of the Year.
Tax discount up to 60% of investment costs. Tax discount of up to 80% from corporate income tax. Up to 100% real estate tax discount.
Value added tax is 0% on the “manufacturing” of goods where components are imported from outside the EU and are then exported outside the EU.
Goods imported whole: 15% customs duty.
Goods where components imported: 5% customs duty.
Tax discount up to 60% of investment costs. Tax discount of up to 80% from corporate income tax. Up to 100% real estate tax discount.
Value added tax is 0% on the “manufacturing” of goods where components are imported from outside the EU and are then exported outside the EU.
The Tax benefits offered by the Rezekne Special Economic Zone have been recognised in the fDi's Global Free Zones of the Year.
The zone offers investors access to a well-educated and highly skilled talent pool. The Rezekne Academy of Technologies and Rezekne Technical School produce graduates in a diverse range of technical subjects. The local community is multilingual, with more than 85% of people speaking Russian, and about 70% with good command of English.
Companies from high-growth sectors investing in the Rezekne Special Economic Zone can access the Baltic Innovation fund and other innovation voucher programmes, while offering finance from non-traditional investors on account of higher risk nature of the investment. The innovation voucher programme encourage co-operation between business and science, giving financial support for the development of innovative products and technologies.
