Putin signed a law on tax maneuver in the IT industry

The corresponding document was published on the official portal of legal information.

According to the law, for enterprises working in the IT sector, the rate on corporate income tax to be credited to the federal budget is set at 3%, and the rate on corporate income tax to be credited to regional budgets is zeroed.

For IT companies, starting from 2021 and for an indefinite period, reduced insurance premium rates are set - 7.6%. 

A number of other preferences are also provided.

Earlier, Putin instructed the Cabinet of Ministers to ensure the adoption of laws on tax maneuvers in the IT sector and on increasing personal income tax for incomes of more than 5 million rubles a year by July 24.

Independent financial and economic expert Alexander Trifonov, in an interview with FBA "Economics Today", commented on measures to support business in Russia.