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In Russia, they want to reduce the tax rate for IT companies

In Russia, they want to reduce the tax rate for IT companies
Photo: pixabay.ru

In Russia, they can significantly reduce tax rates for IT companies. Such a proposal during a video message to the Russians was made by Russian President Vladimir Putin. He noted that this support should not be temporary.

The corporate income tax for digital businesses is now 20%. According to the head of state, it is possible to immediately reduce it to 3%. The amount of insurance premiums, which was set at 2023% until 14, must be reduced to 7,6%. 

Vladimir Putin drew attention to the fact that the new tax rate in Russia will be the lowest in the world for IT companies. Domestic representatives of the industry significantly increased the export of their products in 2019, but continue to need state support.
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