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The government promised IT companies 20 billion rubles.

admin by admin
July 13, 2020
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The government promised IT companies 20 billion rubles.
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The government promised IT companies RUB 20 billion| 13.07.2020

Правительство пообещало IT-компаниям 20 млрд руб.

Last week in Innopolis held a meeting on the development of the IT industry headed by Prime Minister Mikhail Mishustin. Discussed: the development of public-private partnership
state support of IT industry, the promotion of Russian software development on the foreign markets, the development of national solutions in the field of kiberbezopasnosti.

In the framework of nutsprogramme Digital economy until 2024, the government will allocate 20 billion rubles on grants of the Russian IT-companies to develop new products, the corresponding decree has been
signed, said Mikhail Mishustin.

Companies can obtain up to 250 million rubles per year, but not more than 50% of their own costs.

Funds will be allocated in the presence of products in the national registry and the prospects for the market needs within the state and sectoral programs digital
transformation.

Selection of applicants for grants will start in August. In 2020 grants can cover 80% of the cost of development and production of new products due to pandemic coronavirus.

In addition to reducing the rate of income tax for IT-companies from 20% to 3% and premiums from 14% to 7.6%, the possibility to maintain zero rate of VAT for companies that included
in the national registry.

The decrease in the rate of profit tax is also planned to cover the design centres in the field of microelectronics and electronics. Preferences will be granted to domestic companies, 90% of the income
which come from realization and development services and support and cloud services.

In addition, to address the shortage of qualified personnel, the government is almost 2.5 times plans to increase admission of students to universities for the professions in the digital realm: from 50 thousand in this
year to 120 thousand in 2024

According to M. mishustina, it is planned to provide preparation of highly skilled IT architects. Also consider the possibility of co-financing of expenses of citizens and companies on the passage
the accelerated programs of training of development of digital competence.

He stressed that currently proposed by the government a set of measures to support the IT industry is not final, it will be to work together with the industry.

IT market, legislation, Taxes

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