to Do business in the IT sector in foreign markets should be cheaper from Russia than from any other country. This was stated by Prime Minister of Russia Mikhail Mishustin at the meeting of the RF government.
Mishustin noted that the indefinite support of IT-industry proposed by Vladimir Putin, will provide the lowest tax rates in the world. This tax maneuver is designed to stop emigration, physically or infrastructurally, local entrepreneurs.
“the Tax burden of domestic companies when doing business in Russia should not be higher than the tax burden of foreign companies making profit from sources in our country,” — said Mishustin.
we will Remind, Vladimir Putin offered to almost halve the rate of insurance premiums in the high-tech industry, and the income tax — to reduce by nearly 6 times. These tax incentives for IT companies, he said, should be given indefinitely. The address of the President to the Russians was broadcast channel “Russia 24”.
“I Propose to conduct in the IT-industry of so-called tax maneuver and above all significantly reduce the load on the wage Fund, — Putin said. — And this, I note, the bulk of costs for high-tech companies.”
According to Putin’s proposal, premiums for organizations in the IT sector should be reduced from 14% to 7.6% and profit tax from 20% to 3%. According to the President, this will be one of the lowest tax rates in the world.
“Now the rate of insurance contributions for such companies is 14% for the period up to 2023, — Putin said. — Propose to reduce it to 7.6%. And not temporarily, but permanently”.
similarly, the President of the Russian Federation proposed to do with the rate of income tax. “Besides, it would be right drastically to reduce the rate of the profit tax for IT companies, of course, indefinitely, from NynEsna 20% to 3%”, — he said.