Vedomosti: Russia wants to introduce a new tax for global IT companies

MOSCOW, 4 Mar – RIA Novosti. Russia may introduce a new tax on the activities of global IT companies, the Vedomosti newspaper reports, citing participants in a meeting of industry representatives with Deputy Prime Minister Dmitry Chernyshenko.

“It is supposed to charge an additional fee from the company that uses the data of Russians and forms advertising policy in Russia,” said one of the meeting participants.

It is noted that the new measure, codenamed “Digital Tax”, is included in the second package of measures to support the Russian IT industry.

According to another participant in the meeting, they also discussed the possibility of redistributing funds already charged by VAT for the provision of services by foreign organizations in electronic form, known as “tax on Google”. However, the press service of the Ministry of Digital Science told the newspaper that this format of support for the IT industry is not currently being discussed.

The meeting was attended by representatives of the ICT Import Substitution Competence Center, the Almaz Capital Partners venture fund, 1C, Alfa-Bank, Mail.ru Group, Russian Railways, Yandex and industry associations.

The conversation about the redistribution of tax revenues and the introduction of a new tax has come because the benefits and support measures for Russian IT companies can no longer be expanded at the expense of budgetary funds, the meeting participants conveyed the words of Chernyshenko. The high-tech industry already enjoys significant tax breaks, which are fraught with shortfalls in budget revenues.

The press service of Chernyshenko told the publication that the Ministry of Digital Industry, together with the IT industry, is preparing proposals for support measures, about 200 companies are participating in this. However, the ministry has not yet submitted proposals to the government and it is too early to comment on them.

Author: wedocount

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