Law on tax relief for Russian IT companies comes into force on January 1
The tax maneuver envisions a reduction of the rate of insurance premiums for the industry from 14% to 7.6%, and of the income tax rate - from 20% to 3%
MOSCOW, January 1. /TASS/. The law enabling Russian IT companies - software developers to enjoy tax relief comes into force on Friday, January 1. Particularly, it lowers the rates of insurance premiums for the industry and income tax rates.
A respective bill was signed by Russian President Vladimir Putin into law in late July. The tax maneuver envisions a reduction starting January 1, 2021 of the rate of insurance premiums for the industry from 14% to 7.6%, and of the income tax rate - from 20% to 3%.