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ИД «Финансы и кредит»






Finance and Credit

Special features of territorial tax incentives to accelerate economic growth

Vol. 28, Iss. 12, DECEMBER 2022

PDF  Article PDF Version

Received: 29 August 2022

Received in revised form: 10 November 2022

Accepted: 24 November 2022

Available online: 28 December 2022

Subject Heading: FISCAL SYSTEM

JEL Classification: H21, P25, R11

Pages: 2681–2702


Sergei V. BOGACHEV Financial University under Government of Russian Federation, Moscow, Russian Federation


Subject. The article addresses special aspects of territorial tax incentives to accelerate economic growth
Objectives. The aim is to identify the specifics of territorial tax incentives for economic growth and develop proposals to use them.
Results. The study reveals features of territorial tax incentives for economic growth. The benefits are provided from own sources of budgets of subjects of the Federation and municipalities, i.e. property taxes (corporate property tax, land and transport taxes) and income tax. The privileges are available in preferential territories (SEZ, TASED, TAD) and are granted to industrial parks, technology parks, and those implementing regional investment projects (RIP) and special investment contracts (SPIC). The paper presents recommendations for using the identified specifics. They include a differentiated approach to the development of territorial tax incentives within non-subsidized and subsidized regions; assessment of the possibility of increasing the number of non-subsidized and low-subsidized budgets based on the principles of fiscal federalism; improving the administration and control, including the use of digital technologies, to ensure an accurate assessment of tax expenditures (lost income) of the property tax budget when making decisions on the application of territorial tax incentives.
Conclusions. The recommendations are addressed to regional authorities and local self-governments for consideration and approval of projects of residents of preferential territories, business entities, RIP and SPIC that contribute to the acceleration of economic growth, specialists developing and improving tax incentives for economic growth.

Keywords: economic growth, tax incentive, preferential territory, fiscal federalism, property taxation


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ISSN 2311-8709 (Online)
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Vol. 28, Iss. 12
December 2022