A limited number of funds will be able to take advantage of tax breaks for the venture capital market, the parameters of which are currently being worked out in the government, writes the Vedomosti newspaper.
The benefits will be made available to funds to be placed in a special register, and their total capital must be no more than 50 billion rubles, according to a bill developed by State Duma deputies from the New People faction. On June 14, the document was submitted for government approval.
The bill involves changes to the Tax Code. “Companies that will finance venture funds for the development of the IT sector will be able to account for investment costs with a multiplier of 1.5, which will allow them to save on income tax,” reports the publication.
It is noted that the income tax benefit will be available only to those investment funds that operate under the modality of investment company agreement (IPA). Said agreement must be valid for a minimum of five years. The DIT itself, in order to be eligible for participation in the preferential program, must be entered into the register, “the procedure for maintaining it approved by the government of the Russian Federation.”
The registry is supposed to be kept by the Ministry of Economic Development, and the measures will be in effect until January 1, 2026. In the first stage, up to 40 funds will be able to participate in the preferential program.
Author:
anastasia mariana
Source: RB
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