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Official website of the President of Russia

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Law on tax manoeuvre for IT sector

July 31, 2020

The President signed the Federal Law On Amending Part Two of the Tax Code of the Russian Federation.

Amendments to the Federal Law stipulate reduced profit tax rates for Russian organisations operating in the IT sector, and designing and developing electronic components and electronic (radio-electronic) goods.

In addition, the Federal Law provides for reduced insurance premium rates as regards compulsory pension, social and medical insurance.

The Federal Law sets out the terms to which the above-mentioned organisations should conform in order to be eligible for reduced profit tax rates and insurance premium rates.

July 31, 2020