2023 in connection with the changes in Federal legislation preferential rates of income tax set by the regions will come to fruition. Therefore, the Government of Moscow has introduced a new measure to support industrial companies — investment tax deduction.
Status Moscow investor is granted for a term of seven years and will be confirmed at the expiration of five years from the date of the status change. The company applying for membership must:
is to be registered as a taxpayer on the territory of Moscow;
— not to have debts on taxes, duties and rent for the land;
not to be in the process of liquidation or bankruptcy;
— to have the rights of ownership or other rights to use the premises/building, which includes fixed assets.
He also added that the companies will present the following economic requirements:
— revenue from the manufacturing industry — not less than 70 percent;
is the coefficient of renewal of fixed assets (excluding buildings, constructions) must be at least eight percent over the past year or at least 35 percent in the five years preceding the receipt of status, the applicant status shall achieve a coefficient of renewal of fixed assets not less than 35 percent after five years from the date of the status;
— average monthly wage of employees must be not below average across Moscow, according to Rosstat, with 68 thousand rubles (in those areas, and applies a ratio of 0.74 — 50 thousand rubles).
Minimum annual amount of expenses of the enterprises having the status of Moscow investor’s first category, the basic means is 200 million rubles (VAT excluded) of enterprises having the status of Moscow investor’s second category of 300 million rubles (without VAT).
“the Company, affirming the status of the Moscow investor of the first category can obtain a reduced rate for regional part of profit tax at the rate of 12.5 percent, and the second — eight percent,” — said the Director of the City Agency for investment management Leonid Kostroma.
Moscow investor: for industrial enterprises adopted a new measure of support.
in 2016 in the capital works program to support investors in the real sector of the economy. The town allocates investment active enterprises the status of the industrial complex, a technology Park, an anchor resident of Technopark and invesother priority projects. Status, entitling them to a preference, has already received 116 companies, including 53 of promkompleks, 36 parks, 13 anchor residents, 13 priority investment projects and one automaker. The volume of investments of promkompleks, parks and anchor residents over the past five years made up of 95.6 billion rubles, the company employs more than 110 thousand people.
Before January 1, 2023 industrial complexes and technology parks can select from preferences: exemption on profits according to their status (now it is 12.5%) or the use of investment tax deduction. While they are breaks on property and land. That is, a company may have two statuses to be promkompleks and Moscow investor and decide for themselves what benefit is the profit it is more profitable to use.
Investment tax deduction can become an alternative to the Federal special investment contracts. The status of the Moscow investor can get about 40 Russian companies. Thus, the implementation of the Moscow Government alternative support option — investment tax deductions under the tax to profit will help create conditions for the implementation of priority directions of industrial development of the capital, the development and introduction of innovative technologies, renewal of fixed assets and increase in investment activity.
