At the end of last year, the Moscow Government awarded BinoMedVetService the investment priority project status (IPP), which entitles it to significant tax and non-tax benefits.
For example, the total tax burden for an investor can be reduced by a quarter when the status is granted:
- 21% reduction in profit tax (it will be 13.5% instead of 17%);
- 99% reduction in land tax;
- zero property tax.
In addition, the IPP status enables BinoMedVetService to receive a preferential rent rate for the land plot: it will be only 0.01% instead of 1.5% of the cadastral value.
The city has signed an agreement with the investor that stipulates economic and property obligations of the project initiator as well as the return of all received benefits with the corresponding penalties in case of the company's default on its obligations.