Tigre De Cristal gears up tax refund boost

The recent decision by the Russian government to extend it is tax-free project to Primorsky Krai augers well for the casinos in the region. The administration of Primorsky Krai has submitted a list of retail facilities that will be part of the Tax-Free project. Tigre de Cristal casino is included in the list.

The details are given below.

It is proposed to include Primorye region into the list of regions where a Tax-Free project will be implemented to compensate foreign citizens the amount of value added tax when exporting goods outside the customs territory of the Eurasian Economic Union. Currently, the system works only in four regions of Russia: Krasnodar Territory, Moscow Region, Moscow and St. Petersburg.

It is also worth noting that Tigre de Cristal Hotel & Resort plans to increase the number of residential premises. The owners plan to build about eight villas and about 20 apartments. This extension will allow accommodating about 90 visitors.

Tigre Cristal is being developed in part by Summit Ascent Holdings Ltd., a Hong Kong-based company, is the owner of Tigre Cristal.