Putin announced tax incentives for the purchase of domestic equipment

If companies purchase domestic IT solutions, they can receive a tax deduction, Russian President Vladimir Putin said during his address to the Federal Assembly.

“Starting this year, Russian companies can reduce income tax payments if they purchase advanced domestic IT solutions and products using artificial intelligence,” the head of state said.

These costs are taken into account with an increased coefficient – 1.5 times more than the actual costs. For every ruble invested by the company in the purchase of such products, there is a tax deduction of 1.5 rubles, Putin explained. He instructed the government to make proposals on the list of such equipment, the industries in which it is used and the procedure for granting benefits.

In Russia, there are several types of tax deductions: property (for buying, building and selling housing and paying off mortgages), social (for charity, treatment, education, sports, funded pension), investment (for owners of individual investment accounts, brokerage accounts for long-term possession of papers and bank deposits), professional (for the return of part of the costs of conducting private professional activities), standard (for privileged categories of citizens and families with children).