Lower requirements for IT companies to qualify for tax incentives

Russian authorities have proposed simplifying requirements for IT companies applying for tax benefits. These benefits will be available for accredited IT companies with 70% of revenue from IT activities instead of 90%, and without any requirements about a minimal number of staff.

It is also proposed to expand the list of income that may be taken into account when calculating the 70% share: sale of copies of computer programs or databases developed by the company, transfer of exclusive rights to them, providing remote access to them via Internet, services for development or modification of programs or databases, etc.

Want to know more about benefits for IT companies in Russia? Contact us (Russia@bellerage.com) or read more about it here