Reduction in ISS and IPTU are among the benefits
The law granting tax incentives to Information Technology companies and Scientific and Technological Institutions (ICTs) members of technology parks in the city of Natal was published in the Official Gazette of the Municipality of Natal on July 19. Complementary Law No. 167/2017 comes into force as of its publication, after having been approved by the City Council and sanctioned by Mayor Carlos Eduardo Alves.
The new law grants a reduction from 5% to 2% in the Tax on Services (ISS), 30% in the Tax on the Inter-Transmission of Real Estate (ITIV), in addition to a reduction in the Property and Urban Territorial Tax (IPTU) and total exemption in the location license. to Information Technology companies and Scientific and Technological Institutions (ICTs) that are deployed in technology parks. The benefits granted will start after the fulfillment of all legal and regulatory requirements, remaining for a period of ten years.
In the specific case of IPTU, the reduction percentages vary as follows: a) 75% (seventy-five percent), in the first 3 (three) years of operation; b) 50% (fifty percent), in the period between 3 (three) and 5 (five) years of operation; c) 25% (twenty-five percent), in the period between 5 (five) and 10 (ten) years of operation.
Requirements
The text of the law also states that for the acquisition and maintenance of the benefits granted, the Information Technology companies must be integrated and fully functioning exclusively in the Technological Park, and must remain in their predominant activity. However, in the case of a reduction in the IPTU, the company acquiring the property must join the Technological Park and start operating, exclusively, within a maximum period of one year from the date of acquisition of the property, remaining in its predominant activity for at least , three years.
The bill was conceived by the Federal University of Rio Grande do Norte (UFRN), which already has a proposal for the installation of the Metrópole Digital Technological Park. The document will be forwarded for approval by the University Council in early August and, subsequently, will be accredited by the Municipal Council for Science and Technology (COMCIT).
“To all who worked on the creation of the law, our thanks for the effort and dedication to advance the social insertion of UFRN. This is a historic and happy date ”, says UFRN's dean, Angela Maria Paiva Cruz.
According to the text of the law, a technological park is understood as “the planned complex of business and technological development, which promotes a culture of innovation, industrial competitiveness, business training and the promotion of synergies in scientific research, technological development and of innovation ”.
The new law grants a reduction from 5% to 2% in the Tax on Services (ISS), 30% in the Tax on the Inter-Transmission of Real Estate (ITIV), in addition to a reduction in the Property and Urban Territorial Tax (IPTU) and total exemption in the location license. to Information Technology companies and Scientific and Technological Institutions (ICTs) that are deployed in technology parks. The benefits granted will start after the fulfillment of all legal and regulatory requirements, remaining for a period of ten years.
In the specific case of IPTU, the reduction percentages vary as follows: a) 75% (seventy-five percent), in the first 3 (three) years of operation; b) 50% (fifty percent), in the period between 3 (three) and 5 (five) years of operation; c) 25% (twenty-five percent), in the period between 5 (five) and 10 (ten) years of operation.
Requirements
The text of the law also states that for the acquisition and maintenance of the benefits granted, the Information Technology companies must be integrated and fully functioning exclusively in the Technological Park, and must remain in their predominant activity. However, in the case of a reduction in the IPTU, the company acquiring the property must join the Technological Park and start operating, exclusively, within a maximum period of one year from the date of acquisition of the property, remaining in its predominant activity for at least , three years.
The bill was conceived by the Federal University of Rio Grande do Norte (UFRN), which already has a proposal for the installation of the Metrópole Digital Technological Park. The document will be forwarded for approval by the University Council in early August and, subsequently, will be accredited by the Municipal Council for Science and Technology (COMCIT).
“To all who worked on the creation of the law, our thanks for the effort and dedication to advance the social insertion of UFRN. This is a historic and happy date ”, says UFRN's dean, Angela Maria Paiva Cruz.
According to the text of the law, a technological park is understood as “the planned complex of business and technological development, which promotes a culture of innovation, industrial competitiveness, business training and the promotion of synergies in scientific research, technological development and of innovation ”.
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