Moscow Investors Will Get New Preference

21 November 2019

The Moscow Duma passed the draft law on tax deduction. The benefit will begin to operate on January 1, 2020.

The investment tax deduction will be given to companies located in Moscow and possessing the Moscow investor status.

The Moscow government will identify the requirements for the Moscow investor status and tits granting procedure. This new mechanism is aiming at supporting actively investing industrial companies.