Potentially interesting tax incentives for businesses can also be found in special economic zones (SEZs) — although they do not specialize exclusively in technology companies, their preferences regularly attract IT entrepreneurs. SEZs also attract companies due to exemptions from customs duties, simplified permitting procedures, and other incentives. Similar support measures can be found in experimental priority development areas (PDAs), where authorities provide preferences to stimulate investment and ensure a high level of regional development.
As an example of tax incentives indonesia whatsapp number database for IT projects, let's consider Skolkovo and the Innovative Science and Technology Centers (ISTC). Residents of these scientific clusters can: be exempt from VAT and income tax for 10 years (or until they are excluded from the number of residents), and not pay property tax; reduce the rate of insurance contributions for employees with a salary within the minimum wage to 30%, with a higher salary - to 15%; not pay customs duties and taxes when importing equipment.
To become a participant in a preferential zone, a company must, as a rule, conduct scientific activities and earn money by commercializing the results of these activities. Residents regularly report to the management companies of preferential zones on their activities, thereby confirming that they really comply with the requirements and do not abuse the allocated benefits.
However, many startups may not be interested in participating in such programs due to restrictions on scientific activity and commercialization of their results, which do not correspond to their business development plans. Others may be too successful and mature and not suitable for preferential zones due to revenue or profit restrictions. The annual revenue of a Skolkovo and INTC resident must not exceed 1 billion rubles. If a company crosses this threshold, a "profit countdown" begins. When the total profit exceeds 300 million rubles, the company will lose its resident status in the corresponding preferential zone.
A question of choice
When choosing benefits for entrepreneurs, you should consider the scale of your business, the location of your employees and the format of their work, the type of activity and other factors. It is important to remember that it is not necessary to transfer your IT business or startup to larger regions, especially if all or most of your employees do not work remotely. First, you should explore the support measures that exist at the level of your or a neighboring region; perhaps they will help in the development of the company.
Sometimes a business cannot receive a benefit due to organizational difficulties, without understanding what procedures need to be completed to receive preferences. Therefore, before submitting documents for benefits, you should study the experience of your market colleagues: this will help avoid mistakes, for example, when obtaining accreditation from the Ministry of Digital Development and registering software in the register of domestic software.