A number of IT companies affiliated with large non-core businesses are planning to take advantage of the tax maneuver in the IT industry that entered into force on January 1. To do this, companies establish IT departments as separate legal entities: Vimpelcom-Information Technologies (VK-IT), Post Digital, MTS Artificial Intelligence Centre, MTS-IT and MTS Lab, as well as Sberbank-Service and Rusatom - digital solutions. All of these companies are included in the register of companies accredited by the Ministry of Digital Development.
Beeline did not comment on the possibility of obtaining tax benefits. MTS declined to comment. Rosatom, Sberbank and Russian Post did not respond to requests from the publication. In December 2020, the Russian Post admitted that "an independent status will allow the company to qualify for the use of tax benefits."
According to Natalia Vozianova, PwC partner (Tax Services), companies that want to spin off IT divisions need to have business reasons for this, so that tax authorities cannot make claims to companies for receiving unjustified benefits. Obtaining tax incentives should have a business purpose, and operations should be real, confirms Moscow Digital School expert Ekaterina Koretnikova.
The law on conducting a "tax maneuver" in IT was signed by the President at the end of July 2020. It assumes a reduction in the insurance premium for IT companies from 14% to 7.6%, the income tax rate - from 20% to 3%.
The second package of measures to support the industry was discussed with the business on March 18 at a meeting with Deputy Prime Minister Dmitry Chernyshenko. In the near future, the document will be sent for signature to Prime Minister Mikhail Mishustin.
The Central Bank of the Russian Federation
Ministry of Digital Development