Putin decided to launch a tax maneuver in the IT industry

Russian President Vladimir Putin proposed several measures to support companies in the sphere of information technologies, effectively starting the so-called tax maneuver in the IT industry.

Speaking during a televised address to the Russians, the President took the initiative to permanently reduce the tax rate on profits for companies in this sector to 3% from the current 20%.

“it Is right important, in order to reduce the rate of the profit tax for IT companies, of course, in perpetuity, from the current 20% to 3%, which is not only comparable, but even better than these attractive today for IT business jurisdictions, as the Indian and Irish. In fact, it will be one of the lowest tax rates in the world,” he said.

in addition, Putin said that “now the rate of insurance contributions for such companies is 14% for the period up to 2023”. “I propose to reduce it to 7.6 percent. And not just temporarily, but indefinitely,” — said the head of state.

According to him, this will act to reduce the load on the wage Fund, that is, become the main costs for high-tech companies.

All the measures included in the so-called tax maneuver in the IT industry, and the decision has already been elaborated and accepted. As pointed out by the President, innovations will be the first step to support the industry.

“Taxes are, of course, important, but not all. I ask the government to continue to review all other working conditions of the IT industry and related sectors. We also need to be competitive,” added the President.

Putin also said that the transfer operation of important state services and a large part of business life during the epidemic of coronavirus in the online showed what powerful features does the IT-sector.

“the epidemic is efficient, rapid transfer of a significant part of business life, the critical state of educational services in the mode-line silhouettes.yn showed how powerful technological and human resources capabilities of the Russian IT-sector. He is one of the most dynamic, rapidly growing,” said Putin in an address to the citizens.

let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.

June 2, Prime Minister of the Russian Federation Mikhail Mishustin presented to the President a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will be about 5 trillion rubles.

Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to COVID-19@rosbalt.ru