Accounting for geological exploration work during the implementation of regional investment projects in Russia

The article presents an analysis of accounting for geological exploration work during the implementation of regional investment projects as part of capital investments for the purpose of applying tax benefits in accordance with the Tax Code of the Russian Federation. The lack of legal approaches in the taxation system is the cause of tax disputes regarding the determination of the time lag for the provision of benefits by type of taxes in the implementation of regional investment projects. The author proposed to take into account the costs of geological exploration work as part of capital investments when implementing regional investment projects, which will require amendments to the Tax Code of the Russian Federation and other regulatory legal acts regulating the activities of subsoil users.