EconomyInnopolis expands preferential tax rates for IT companies

Innopolis expands preferential tax rates for IT companies

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operations center staff. Archive photo

Preferential tax rates for IT companies in Innopolis extended until end of 2025

WIN, September 23 – RIA Novosti. On Friday, the State Council of Tatarstan amended the law on tax rates for taxpayers, applying “simplification” by extending the preferential rate for IT companies and entrepreneurs of Innopolis until December 31, 2025, according to the press service of the republican government.

“The document extends the preferential tax rate for IT companies and entrepreneurs of Innopolis operating under the simplified tax system from 5% to 1% until December 31, 2025,” the message states.

Reduced rates under the simplified tax system (5% for taxation of “income minus expenses” and 1% for the “income” target) apply to companies operating in the field of information technology and the development of computer software. , consulting and related services. At the same time, thresholds for income from such activities were lowered from 90% to 70%.

“The extension of the reduced tax rate approved in Tatarstan in 2020 is an important initiative supported by President Rustam Minnikhanov and reflects the region’s systematic approach to attracting youth innovation teams from all over the country. According to estimates, by 2022 Innopolis will have more than 100 people applying this tax advantage. It will have more taxpayers and the total amount of tax deductions for them is planned to be more than 700 million rubles,” he said.

There are currently 545 companies registered in Innopolis, of which 80 operate under a simplified tax system. These are mostly small companies and startup projects. According to Russia’s Tatarstan Federal Tax Service, the number of taxpayers applying the reduced tax rate in Innopolis was 32 in 2020 and 57 in 2021. The total amount of tax relief for 2020-2021 exceeded 67 million rubles.

Source: Ria

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