Reduced tax rates for IT-companies registered in Innopolis have been prolonged till the end of 2025

The Tatarstan State Council has passed the law prolonging till 31 December 2025 the reduced tax rate from 5 to 1 per cent for IT-companies and entrepreneurs working by simplified taxation system in Inoppolis.

Currently there are 545 registered companies in the city, 80 of them using the simplified taxation system, most of which are small companies and startup projects. According to information from Russian Tax Service in Tatarstan, in 2022 the number of such taxpayers in Innopolis was 32, in 2021 – 57 and total amount of tax concessions in 2020-2021 exceeded 67m roubles

Giving his comments about the law, Tatarstan Deputy Prime Minister Roman Shaykhutdinov said: “Prolongation of the reduced tax rate approved in Tatarstan already in 2020 is an important initiative supported by President of the republic Rustam Minnikhanov and reflecting a systemic approach of the region to attracting young innovative teams from all over the country. I am sure this will support growth of young companies which are just beginning their business. It is evaluated that in 2022 there will be more than 100 taxpayers in Innopolis who use this reduced tax. At the same time the total amount of taxes is planned to be more than 700m roubles.”