The government agreed to extend the income tax benefit for radio electronics companies until the end of 2027, RBC reports, citing a draft law from the Ministry of Finance. Companies will pay taxes to the federal budget at a preferential rate of 8%, while the rate of contributions to the regional budget will remain at zero.
Author:
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The 8% rate will be set until the end of 2027. To compensate for the lack of budget income, about 30 billion can be spent annually, as can be seen from the financial and economic feasibility study of the project. A government source confirmed that the bill has already been agreed.
Until the end of 2024, companies in the radio electronics sector pay income tax at a preferential rate of 3%. If the measure had not been extended, from 2025 companies would have had to pay a tax at a general rate of 25%.
The director of the Center of Expertise on Criminal Legal Policy and Execution of Judicial Acts of Russian Companies, Ekaterina Avdeeva, believes that the new benefit in the form of a reduced rate of 8% will make it possible to more compensate for the high key rate (currently 19 %) than the general tax burden. In his opinion, the current cost of loans for manufacturing companies is “unaffordable.”
In early October, Russian technology associations sent an appeal to the Minister of Digital Development, Maksut Shadayev, asking for the return of the 3% preferential rate on loans from the High Tech program. This was later agreed with the Ministry of The Treasury will grant another subsidy to cover the loan contracts at 12%.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
