Tax benefits for investors can now be applied without time limits.

Since January 2025, new tax incentives have come into force in St. Petersburg, including those related to supporting enterprises investing in their own expansion, renovation and technological development. The restrictions on the duration of the investment tax deduction and preferential income and property tax rates for organizations participating in regional investment projects have been lifted. The innovations are provided for by the Law of St. Petersburg dated 11/27/2024 No. 742-160 "On the introduction of the special tax regime "Automated Simplified Taxation System" in St. Petersburg and on Amendments to certain laws of St. Petersburg on taxes and fees", signed by Governor Alexander Beglov on November 29, 2024.
Government support measures are aimed at improving business conditions and developing the industrial potential of St. Petersburg. Tax preferences apply to both existing enterprises and new investment projects.
The investment tax deduction has been in effect in St. Petersburg since 2020 for organizations in the field of industry, manufacturing and railway transport. This support measure is aimed at compensating for the costs of purchasing and upgrading fixed assets. Up to 90% of investments in fixed assets can be deducted from the regional tax, and up to 10% of investments in fixed assets can be deducted from the federal tax. The income tax rate is 10%. The deduction applies to fixed assets no older than five years. The amount of the investment tax deduction in the amount exceeding its maximum in the current tax period may be taken into account by the taxpayer in no more than seven subsequent tax periods.
A regional investment project (RIP) is a type of support for industrial investors. This status is assigned to a project whose purpose is to produce goods with a capital investment volume of at least 50 million rubles in accordance with the investment declaration, provided that capital investments are made within a period not exceeding three years from the date of the organization's inclusion in the register of participants in regional investment projects, and at least 500 million rubles, provided that capital investments are made on time, not exceeding five years from the date of the organization's inclusion in the register of participants in regional investment projects.
A Russian organization that simultaneously meets the following requirements can become a participant in the RIP:
- the state registration of the legal entity was carried out on the territory of St. Petersburg;
- the organization does not have any separate divisions located outside of St. Petersburg.;
- does not apply special tax regimes stipulated in Part two of the Tax Code of the Russian Federation;
- is not a member of the consolidated group of taxpayers;
- is not an NGO, a bank, an insurance company, a non-governmental pension fund, a professional participant in the securities market, or a clearing organization;
- has not previously been a member of the RIP and is not a member (legal successor of the participant) of another implemented RIP;
- is not a resident of the SEZ or TOP.
Obtaining the RIP status by an organization allows applying a reduced income tax rate of 10% and reducing the amount of corporate property tax payable to the budget of St. Petersburg by the amount of tax calculated in respect of an immovable property object in which capital investments have been made as part of the implementation of the RIP, calculated in proportion to the share of the area of the immovable property object. used for the implementation of RIP, in the total area of the facility.
Previously, the application of preferential rates was limited until the end of 2026 – for RIP in the amount of 50 to 500 million rubles, and until the end of 2028 – for RIP in the amount of more than 500 million rubles.
The removal of restrictions on the validity of tax benefits is aimed at stimulating the influx of private investment, the development of existing industries and high technologies, the creation of high-paying jobs and new modern industrial enterprises in St. Petersburg.
In addition to tax and financial measures, the city also provides information and consulting support to investors on the basis of a single window of the Investment Management, subordinate to the Investment Committee of St. Petersburg. United Window specialists help in the promotion and support of investment projects, which significantly saves time and reduces the administrative burden for St. Petersburg entrepreneurs.
Let us remind you that a section has been created on the Investment Portal of St. Petersburg, where business support measures in the city are systematized.