Russian Ministry of Communication and Mass Media offers reducing profit tax for IT companies in Tatarstan

11 December 2013, Wednesday
On December 11 Russian Deputy Minister of Communication and Mass Media Mark Shmulevich told that the Ministry of Communication and Mass Media and Ministry of Finance had agreed on introducing reduced insurance fees for IT companies.

Insurance fees paid to state non-budget funds for IT companies with the staff from 7 people will be reduced from 30 to 14 per cent. These benefits will be in force till 2019.

Besides, the ministry suggests reducing profit tax for IT companies in order to avoid split-up of large companies into small ones.

Currently, the ministry is implementing pilot projects in several regions on reducing tax rates at the expense of regional part of the profit tax.
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