On 31 July 2020, the President signed the federal law No 265-FZ
'On Amendments to Part Two of the Tax Code of the Russian
Federation'
One of the main changes introduced to the Tax Code by the
federal law are amendments to the taxation of IT industries
The state has been supporting the IT industry over the past
years. The adopted amendments make the Russian Federation as
attractive as possible for the development of this industry and
leave behind such recognised countries as India and Ireland which
were considered the most loyal to the IT industry in the
world's community.
In order to foster the IT industry for Russian entities that
operate in the IT field, develop and deploy applications for
computers developed by them, carry out activities for the design
and development of electronic component base products and
electronic (radio-electronic) products, it is planned as
follows:
