On 15 November, the Moscow City Government extended its list of real-sector economic activities qualifying for tax breaks and other types of support
“The amendments will enable efficient enterprises that combine manufacturing with R&D to obtain a number of substantial tax exemptions and enjoy better development opportunities”, said Maxim Reshetnikov, Head of the Department of Economic Policy and Development of Moscow. “The breaks cover profit tax, property tax, land tax and land lease rates”.
The Moscow City Government launched its manufacturing support mechanism in 2016 to stimulate industrial manufacturing, as well as import substitution and localisation in the capital. Please visit the Moscow City Investment Portal at www.investmoscow.ru for more information on how the support mechanism works, eligibility requirements, status granting procedures and available exemptions.