“If a company is engaged in information technologies, in order to apply article 259(9) of the Russian Tax Code it ought to use an updated register of accredited companies which can be found on the website of the Russian Ministry of Digital Development, Communications and Mass Media (referred to in Russian as ‘Minkomsvyaz’)”, the Federal Tax Service advises.
At present, IT companies are understood to mean companies that are engaged in the sphere of informational technologies, namely they:
A number of tax preferences (which are applicable only subject to compliance with certain conditions) are provided for such companies:
In the latter case, IT companies may include full costs from the purchase of computer hardware once it is put into operation rather than write off the amounts of depreciation pertaining to such computer hardware on a monthly basis. To exercise such right, the following conditions should be complied with:
One of the main prerequisites for most of the tax benefits referred to above is a certificate of state accreditation for IT companies. To obtain such accreditation, IT companies are required to submit the following documents to Minkomsvyaz:
Therefore, to determine whether the company has been listed as an accredited IT company it should check the register on the official website of Minkomsvyaz.
Please contact Acsour’s experts to discover how tax legislation should be applied and how IT companies should apply tax benefits.