Whom an investment tax credit is provided for?

An investment tax credit allows you:

• to reduce tax payments by 100%, followed by a phased payment;
• get a deferral of payment for up to 3 years.

Investment tax credit is provided for:

• CIT;
• property tax.

In this case, you can use a loan at the same time for two types of taxes.

This will allow entrepreneurs to use the CIT amounts saved on taxes (20% of net profit) for business development.

An investment tax credit is a change in the term of payment of taxes for the coming periods within the framework of an investment contract, in which a taxpayer can completely reduce corporate tax and property tax payments by 100 percent, followed by a phased payment for a period of no more than three years.

An investment tax credit is provided to taxpayers on the basis of an investment tax credit agreement entered into.

Taxpayers who meet one of the following conditions are not eligible to apply for an investment tax credit:

• applying special tax regimes provided for Section 20 Tax Code;
• carrying out the production and (or) sale of all types of alcohol, alcoholic beverages, tobacco products;
• carrying out activities in the territory of a special economic zone or a subsoil user, respectively, observing taxation regimes in accordance with sections 21 and 23 of the Tax Code.

In turn, the decision to grant an investment tax credit is made on the basis of the taxpayer's application and is formalized by an agreement of the prescribed form between the applicant and the Investment Committee.

At the same time, the procedure for concluding an agreement on an investment tax credit for obtaining an investment tax credit is determined by the Rules for concluding an agreement on an investment tax credit for obtaining an investment tax credit.

Thus, the three-year period during which it is possible not to pay CPN and property tax should be used to stabilize your financial situation and develop the organization at the expense of the released funds.