New Support Measures for IT Companies
On 03/02/2022, the President of the Russian Federation signed a decree “On measures to ensure the accelerated development of the information technology industry in the Russian Federation,” providing for certain benefits and concessions for companies participating in the IT market:
- grant support for promising developments of domestic solutions in the field of information technology;
- allocation of financial resources to improve the living conditions of employees and increase their salaries;
- ensuring the provision of preferential loans at a rate not exceeding 3% to support the current activities of accredited organizations and the implementation of new projects;
- until December 31, 2024, the profit tax rate in the industry has been reduced to zero percent;
- simplification of procedures for employing foreign citizens and obtaining a visa for these citizens
- for residence;
- tax benefits and preferences for accredited organizations receiving income from
- distribution (placement) of advertising or provision of additional services using applications and online services of these organizations or income associated with the sale, installation, testing and maintenance of domestic solutions in the field of IT;
- exemption from tax, currency and other types of state control (supervision) and municipal control for a period of up to three years;
- consolidation and stimulation of procurement of critical domestic developments in the field of information technology.
In addition, employees of accredited organizations operating in the field of information technology are entitled to a deferment from conscription until they reach the age of 27 (for the period of work in these organizations).
We hope that the information presented will be useful for you and your business!
For additional information and clarification, you can contact our experts:
Stepanov Igor Viktorovich, managing partner, lawyer
Tel.: 8-928-229-95-96, e-mail:istepanov@gratanet.com
Makarova Inna Alekseevna, partner, lawyer
Tel.: 8-928-160-76-42, e-mail:imakarova@gratanet.com
