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The Russian tax maneuver for it: step forward, step back

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July 1, 2020
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The Russian tax maneuver for it: step forward, step back
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The Russian tax maneuver for it: step forward, step natadola Blinkova | 01.07.2020

Российский налоговый маневр для ИТ: шаг вперед, шаг назад

On the day Vladimir Putin announced tax maneuver in the IT industry. The rate of insurance contributions will be reduced from 14% to 7.6%, the profit tax decreased from 20% to 3%.

However, it soon became clear that all is not so rosy: the Ministry of communications has proposed from 2021 to reclaim VAT on sale at.

Overall, in the IT-industry rumor has it that amid falling oil prices and problems with the export of natural gas, in particular, with the construction of “Nord stream-2” (recall that in Russia does not exist
ready to use ship, able to finish building this pipeline and the contractors refuse to do it due to sanctions) and “Power of Siberia”, where the Chayandinskoye field is not
was sufficient to meet the contract volumes of gas, in the margins of the Russian power there was a view that “people — the new oil of Russia”, namely, developers and high-tech
products. They need to hold and set them up. But as often happens, the idea can be buried in the implementation.

To date, a large number of Russian IT companies have changed the jurisdiction of (as because of high taxes and fears that the “take away”: the experts mention “reforming rights protection
ownership and judicial reform” as a necessary condition in order to stay/return), and the developers went to other countries (it is no secret that a good specialist is happy almost everywhere).
Recall that in early June, Natalia kasperskaya wrote the Prime Minister a letter in which he warned that the country is on the threshold of active emigration of IT specialists in Russia:
2020-2021 years the country could leave around 10 thousand people, and these people, in terms of competencies and experience.

Also, the IT companies have huge claims to monetary control.

It is noted that a transport business in Cyprus, in Malta, in the UK and Switzerland. Some countries are actively touting IT companies, such as Estonia with its electronic residency.

Returning to the tax maneuver, many people say that they get “not good”, today announced the tax cuts, and tomorrow — on the return of VAT, in fact offset by positive news.
Experts suggest that can be won only by those companies that sell abroad, VAT they return, and that outsourcing is the direction that innovation can bring a
positive.

taxation Russian it companies

Journal: Journal IT-News, Subscription to magazines

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