The law provides for the introduction of a tax deduction mechanism for corporate income tax, corporate wealth tax and land tax. The tax deduction will be granted for investment protection and promotion agreements concluded after June 1, 2022, in which one of the parties is the Russian Federation. As a result of the application of this deduction, the taxes due will be reduced to zero. The maximum amount of deductions will be indicated in a special notification, which will be sent to the Russian Federal Tax Service through the authorized executive body.