Russia: Low taxes for IT companies – a review | News -

Russia: Low taxes for IT companies – a review

More than a year has gone by since President Putin announced a sweeping tax maneuver for the IT sector and its entry into force on January 1st 2021. By decreasing the tax burden to levels “lower than in Ireland and India”, the declared goal was to make Russia’s IT sector globally more competitive and to increase its role in the national economy.
With a year of practice, let’s review the chances and consequences for foreign IT companies.
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