Russian IT Industry Retains VAT Exemption, Easing Tax Pressure on Software Developers

• The Russian IT industry will continue to benefit from the VAT exemption for now.
• The State Duma adopted tax amendments, with plans to soften some points in the second reading.
• The government agreed to postpone the cancellation of the VAT exemption for Russian software developers.
• A gradual, phased transition is proposed for any future repeal of VAT benefits.
• Industry associations and organizations actively lobbied to maintain the VAT exemption.

Source: wnhub.io

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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