Domestic IT companies are going to extend tax holidays

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The government agreed with the proposal of the Head of the Ministry of Communications and Mass Media Nikolai Nikiforov to preserve benefits to domestic IT companies. The decision to extend the benefits for 5 years, until 2023 (the current grace period was to end in 2017) will be made soon, Izvestia writes. Most likely, the government will satisfy this request, and the benefits will be extended.



Experts believe that the current 14 percent preferential premium rate offers an opportunity for Russian IT companies to invest in business development and growth. Previously, a plan was submitted, according to which, from 2018, the preferential rate of 14% should have been reduced, with the tax rate increasing to 30% by 2020.



“This measure to stimulate the Russian IT-sphere has shown its effectiveness and proved that domestic software developers, with due state support, can compete with their Western colleagues. In this regard, it was decided to extend the period of validity of preferential insurance premiums for IT companies for 5 years, ”a government source commented on the situation.

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Yevgeny Vasilenko, head of the OTP of Otechestvenny Soft, believes that the extension of the tax rate is the basis for the implementation of the import substitution program and the expert. First of all, this measure is aimed at developers of popular software and hardware products.



“The measure allows Russian companies to invest in their own development, create new solutions and develop current products. The payroll of developers is up to 80% of all costs. That is, for companies, payments related to the wage fund are practically negotiable. An increase in insurance premiums will have disastrous consequences for the industry. Profit will be significantly reduced, companies will not have their own funds for development, ”says Vasilenko.



The head of the Russian Association of Electronic Communications Sergey Plugotarenko also believes that the “preferential holidays” should be preserved.