Incentives for Innovative Business
Posted: Sun Jan 19, 2025 3:53 am
Today, the state is interested in the growth and development of the IT industry. To support this area, the following have been introduced: a zero rate on profit tax, a zero rate on VAT for companies developing belgium whatsapp number data domestic software, and insurance premiums have been reduced to 7.6%. And when a certain payment threshold is reached, the rate is reduced to zero. In addition, a bill has been submitted to the State Duma of the Russian Federation, according to which the profit tax rate for IT companies will be raised to 5%.
Tax holidays for business
Tax benefits for LLCs are an opportunity to receive a reduced tax rate, and individual entrepreneurs can even take a tax holiday.
However, not all individual entrepreneurs can avoid paying taxes. To receive such a benefit, individual entrepreneurs must not only be registered after the introduction of the relevant benefit in the region, but must also be on the simplified tax system or patent tax system and work in any of the following areas:
social sphere;
science;
production;
household or hotel services.
The list of areas for each region may differ.
In 2024, businesses can receive a VAT refund in an accelerated manner before a desk audit. To do this, they need to submit an application to the Federal Tax Service of Russia to apply the declarative procedure and a tax return with the amount to be refunded.
Only organizations or individual entrepreneurs who are not in the process of reorganization, liquidation or bankruptcy can take advantage of this benefit.
Tax holidays for business
Tax benefits for LLCs are an opportunity to receive a reduced tax rate, and individual entrepreneurs can even take a tax holiday.
However, not all individual entrepreneurs can avoid paying taxes. To receive such a benefit, individual entrepreneurs must not only be registered after the introduction of the relevant benefit in the region, but must also be on the simplified tax system or patent tax system and work in any of the following areas:
social sphere;
science;
production;
household or hotel services.
The list of areas for each region may differ.
In 2024, businesses can receive a VAT refund in an accelerated manner before a desk audit. To do this, they need to submit an application to the Federal Tax Service of Russia to apply the declarative procedure and a tax return with the amount to be refunded.
Only organizations or individual entrepreneurs who are not in the process of reorganization, liquidation or bankruptcy can take advantage of this benefit.