The tax rate in the Russian IT industry will be the lowest in the world

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President of the Russian Federation Vladimir Putin suggested to reduce to 7,6% a rate of insurance premiums for IT branch. At present it makes 14%. Together with it within tax maneuver the leader of the country took the initiative to lower from 20% to 3% tax on profit. It will allow, by words Vladimir Putin, first of all to weaken load of compensation fund which as the president emphasized, is the main item of expenditure for the hi-tech companies. It reminded that the rate of insurance premiums up to 2023 makes 14%. "I suggest to lower it to 7,6%. And it is not temporary, and it is termless" — told...

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Vladimir Putin
Last position: President of the Russian Federation
Vladimir Nikolaevich Vasilyev
Last position: Rector (UNIVERSITY ITMO)
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