IT businesses in St Petersburg may count on a reduced regional profit tax rate.
IT companies in St Petersburg will be able to take advantage of a profit tax benefit of up to 13.5% (12.5% in 2019-2020) instead of the 17% that is now paid to the regional budget. The benefit is aimed at encouraging the establishment of commercial data centres (CDCs) in St Petersburg and at promoting the export of information technologies abroad.
The main criteria for obtaining the reduced tax rate will be the following:
The maximum period of the tax relief will be 10 years. The draft law is pending consideration in the legislative assembly.
Acsour is monitoring the development of the statutory initiative and will advise you of any changes in its status.