Residents of technology and industrial parks in the Nizhny Novgorod Region were exempted from two types of taxes

Residents and management companies of technology parks and industrial parks of the Nizhny Novgorod Region have been exempted from paying property and transport taxes. Taxes have also been reduced for those who use the simplified tax system (STS). The corresponding draft amendments to the legislation, developed by the regional Ministry of Industry, Trade and Entrepreneurship, were approved by deputies of the Legislative Assembly.

“Management companies of industrial parks and technology parks provide conditions for the stable development of residents, including production areas, equipment and laboratories. In addition, the common territory allows companies to exchange experience and launch joint projects. Reducing tax rates for management companies and residents is one of the measures that the we are taking to increase the investment attractiveness of the Nizhny Novgorod Region”, – said Deputy Governor Andrei Sanosyan.

Reduced tax rates will be available to technology parks, industrial parks or industrial parks that are included in the register of the Ministry of Industry and Trade of Russia or operate on the territory of a closed administrative-territorial entity and meet the following criteria: the area of ​​the territory is not less than 30 hectares, at least 50% of residents are engaged in production and (or) scientific and technical activities under OKVED "Processing industries", "Provision of electricity, gas and steam, air conditioning", "Professional, scientific and technical activities".

"The new support measure will attract new residents to the industrial sites of the region. We have exempted companies from paying property and transport taxes, and also reduced tax rates under the simplified taxation system from 8% to 1% if the object of taxation is income, and from 20% to 5% if the object is income minus the amount of expenses", – explained Minister Maxim Cherkasov.

In the Nizhny Novgorod Region, the following industrial parks meet the criteria for exemption from the tax: Zavolzhsky Motor Plant and “Oka-Polymer”, industrial technology parks “Technopark Sarov” and “Volga”, as well as industrial technology parks “Electronic Technology Park”, “H2O” and “Ecotsifra”, which have not yet started operating.

Tax incentives will not be provided to resident companies producing excisable goods, and the transport tax incentive will not apply to passenger cars.