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The State Duma Adopted a Law on Tax Maneuver for IT Companies
24.07.2020 19:03
The State Duma Adopted a Law on Tax Maneuver for IT Companies

The State Duma on Wednesday  adopted a bill on tax maneuver for IT companies in the third final reading. The rates on income tax and on contributions to state extra-budgetary funds will be reduced for them.

      “Income tax will be reduced from the current 20% to 3%. In addition, starting from the new year, IT companies will pay not 14%, but 7.6% to state non-budgetary funds. The Pension Fund will receive 6%, 1.5% in social insurance and 0.1% in the OMS budget. The new benefit on insurance premiums will be unlimited,” the website of the lower house of parliament said.


Author: Anna Dorozhkina

Tags: Russian companies Russian business Russian laws   

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