The government of the Russian Federation submitted to the state Duma a bill on the “tax maneuver” in the IT industry and the tax residency should be from the database of the lower house of Parliament.
Russian President Vladimir Putin in late June, proposed to be held in the IT-industry tax maneuver, including permanently lower the rate of insurance contributions of companies to 7.6 per cent from the current 14%, and the rate of income tax to 3% from 20%. The bill was prepared in pursuance of this mandate, and provides for the introduction of such innovations in 2021.
As explained earlier on Thursday, Prime Minister Mikhail Mishustin, it will be one of the lowest rates in the world, which will allow to develop projects in Russia is more profitable than abroad. These preferences, according to him, will get the business, 90% of the income generated from the sale of software and services for its development and implementation.
Get under the tax maneuver and the Russian design centers engaged in the design and development of electronic products and software developers, including in the field of artificial intelligence, noted the Prime Minister. However, he assured that “tax maneuver” the government will not stop there and will continue to take measures for the dynamic development of industry and support Russian companies.
But Finance Minister Anton Siluanov has noticed that one of the elements of the tax maneuver is a revision of the order of exemption of the industry from VAT. According to him, it is proposed to exempt from VAT the implementation of exclusive rights for the programs included in the Unified register of computer programs and databases that “will improve the targeting of the benefits.”
The volume of revenues of budgets of state extra-budgetary funds in connection with establishment of lowered insurance premiums for organizations designing electronic components, for the period 2021-2024 years will amount to UAH 80.4 billion.
The bill also allows the 2020 to individuals located in the territory of the Russian Federation in the current year from 90 to 182 days inclusive, to recognize themselves as Russian tax residents based on the submitted to the tax authorities of the application. It will be supplied in free form together with the tax Declaration for personal income tax. This will allow to attract citizens who are willing to work here, to develop the business and become a tax resident, explained Siluanov.