Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Tax Privilege for the IT Exporters
28.08.2018 17:36
Tax Privilege for the IT Exporters

The “Skolkovo” Foundation proposes to introduce a tax privilege for the exporters in the field of IT: in particular, it is proposed to introduce a tax deduction for “input VAT” - the tax paid upon equipment of the workplaces of programmers who write exported software.

      The Foundation which is the competence centre for the statutory regulation of the digital economy has prepared the corresponding amendments to the Tax Code. In case of their approval, companies that develop software for foreign customers and businesses selling programs directly to foreigners will be able to receive benefits.

      Read More Articles on Doing Business in Russia

The adoption of the bill, according to experts, will reduce revenues to the budget by 22 billion roubles for the period from 2019 to 2025, but it will also lead to an increase in the taxable base due to the fact that the business will have opportunities to increase the number of staff, expand activities, etc.

      Consult our attorneys on Russian tax regulations.

Author: Anna Dorozhkina

Tags: Russian business Russian taxes Russian laws   

Next Previous

You might also find interesting:

Employers are Obliged to Provide Employees with One Full Day Off Work for Medical Examinations
FIFA Fans Spent about 100 Billion Roubles in Russia
The FIFA World Cup in Russia has Led to a Sharp Increase in Sales in Various Fields of Businesses
The Level of Quality of State Business Regulation in Russia Decreased
Russian National Standard for the Development of Mobile Applications

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Arts and Crafts  Music Festivals in Russia  Russian parliament  Exhibitions in Moscow  Baikonur  Archeology  Vologda  Veduchi  Rostov Bazaar  Bashmakovo  2018 World Cup  Noize MC  Paleontology  Army  Aircrafts  Moscow  capital outflow  Moscow Metro  mode of life  Russian Literature  Russian business  La Roux  Russian shops  St. Petersburg  Music and Light Festival  Adygea  Kolomenskoye  Space Exploration  Wooden Architecture  Kimono  international cooperation  Russian history  Saransk airport  Russian Discoveries  Russian economy  Republic of Tatarstan  Moscow Kremlin   Libya war  Sberbank  Roofers  Whistles  Russian Cinema  Gazprom Neft  Russian tourism  Sochi Olympic Games 2014  Maksim Dunayevsky  VKontakte  Festivals  Tatiana Parfionova  Mercedes-Benz Fashion Week Russia 

Travel Blogs
Top Traveling Sites