Moscow plans to introduce an investment tax deduction for organisations recognised as Moscow investors of the third category. A corresponding bill, which sets new conditions for applying the deduction and expands the list of assets on which expenditure may be taken into account, has been introduced in the Moscow City Duma.
Why this matters
From 2025 the reduced rate of profits tax for investment companies ceases to apply. The bill proposes a mechanism to replace the old profits-tax reliefs, offering a more effective mechanism of support for investors through a deduction that stimulates modernisation and the creation of new production.
Adoption of the law will ensure that tax support for investment projects continues, and will support the further development of Moscow's industrial potential.
Follow Consul Group on Telegram.
.jpg)
Analytics
Events