VATupdate

Share this post on

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.



Sponsors:

Pincvision

Advertisements: