Tax Exemptions for MIMC Residents
Source: 'Moscow' Agency

Starting from January 1, 2018 corporate property tax for organizations in relation to property located in the Moscow International Medical Cluster will be abolished for a period of ten years. In addition, the law provides for abolishing transport tax for management companies of the cluster and project participants which have concluded an agreement on implementing the project with a cluster's management company and which are implementing the project in the cluster, for ten years.

Mayor of Moscow Sergey Sobyanin signed a law on abolishing property tax exemptions for government institutions of the city. The document was published on the official website of the Mayor and the Government of Moscow.

In order to support the creation of pilot projects of the rental housing market in the capital, the law provides for abolishing corporate property tax for management companies of unit investment funds.

Besides, in order to support the development of the project on establishing the Moscow International Medical Cluster, the bill provides for abolishing corporate property tax for organizations in relation to property located in the cluster for a period of ten years, starting from January 1, 2018.

In addition, the law provides for abolishing transport tax for management companies of the cluster and project participants which have concluded an agreement on implementing the project with a cluster's management company and which are implementing the project in the cluster, for ten years.

In order to support the Russian cinematography, the bill stipulates an exemption for film studios, which means a 97% reduction in the amount of the corporate property tax calculated based on the cadastral value, in relation to real estate used in film-making if it is owned by unitary enterprises or legal entities in which the state has a 50% stake in the authorized capital.

Besides, to remove additional tax burden on the participants of the Moscow housing renovation program, it is proposed that organizations and individual entrepreneurs should be exempt from the sales tax in relation to sales through the stationary sales network which have been expropriated or in relation to which leasehold has been terminated due to the housing renovation program implementation, for a quarter during which they were expropriated of leasehold was terminated.

"The provisions of this part are not applicable if organizations and individual entrepreneurs do not provide a notification of registration as a sales tax payer in relation to outlets which had not been used by these organizations earlier, and if such a notification in relation to such outlets contains a sales tax exemption," says the document.

Besides, the document provides for a change in the amount of the sales tax for non-stationary outlets in all districts of Moscow. Thus, for districts within the city the tax amounts to 40.5 thousand roubles. For districts and settlements forming part of the Zelenograd administrative district, the Troitsk administrative district and the Novomoskovsky administrative district located within the city (the Mitino, Kurkino, Solntsevo, Northern and Southern Butovo, Nekrasovka, and the Vostochny, Novokosino, Kosino-Ukhtomsky, Molzhaninovsky and Severny districts) the amount of tax is 28.5 thousand roubles.

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