IT companies in St Petersburg have been granted additional tax benefits
Legal Digest \ 25.07.2018

A regional law regarding tax benefits for IT companies in St Petersburg came into effect on 14 July 2018. The benefits will be applied retroactively, starting from 1 January 2018.

The regional tax rate will be 12.5% for 2018-2020 and 13.5% for subsequent years. The reduced tax rate will be applied to companies investing RUB 500,000,000 and more in the establishment or re-equipment of data centres and to companies exporting software that accounts for a share of at least 70% of the overall revenues.

Thus, St Petersburg has become the first Russian city to grant benefits to companies investing in data centres.

Please contact Acsour for help with any issues concerning the documentation and application of profit tax benefits to IT companies.