Update - Russia Publishes Law for Ultra-Low Tax Regime for IT Companies
Russia has published Federal Law No. 265-FZ of 31 July 2020 in the Official Gazette, which provides for the introduction of the "ultra-low tax regime" announced in June 2020 for Russian IT companies. As previously reported, the regime provides two main benefits for qualifying IT companies, including a reduction in the corporate tax rate to 3% and a reduction in social security contributions to…
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