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Nov 24, 2021
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The Ministry of Finance and the Ministry of Finance agree on tax incentives in the field of AI

The Ministry of Finance and the Ministry of Finance have agreed on three significant tax incentives in the field of artificial intelligence, TASS reports.

The head of the Ministry of Digital Science Maksut Shadayev clarified that the measures are primarily associated with an increase in demand and affect the motivation of the customer.

“The first measure provides that if companies spend money on the implementation of solutions in the field of artificial intelligence – we are talking about Russian solutions, then in fact it reflects these costs in costs by a factor of one and a half, in fact, reducing the profit tax base,” – said the head of the department.

The second measure provides for the possibility of accelerated depreciation of software hardware systems. The third is the ability of the constituent entities of the Russian Federation to introduce an investment deduction for expenses that are associated with the implementation of Russian software and hardware and software systems.

The minister noted that compared with last year’s figure, the export of domestic software and development services for six months increased by 18.5% – to $ 2.9 billion. Additional tax deductions from the IT industry for the first 9 months of this year amounted to 48 billion rubles.

In addition, Shadayev clarified, over the same period, the “shipment” of solutions by Russian IT companies, together with services and works, increased by 38% compared to the first 9 months of 2020. Thus, the volume exceeded 1.14 trillion rubles.

“In terms of growth rates this year, we are twice as fast as the previous one,” concluded the head of the Ministry of Finance.

Let us remind you that earlier, the authorities and business agreed on the main parameters for changing taxes. In particular, proposals were prepared for adjusting the tax system for some extractive industries, aimed at improving efficiency and stimulating investment activity of companies.

By the way, Russia showed one of the best results after the impact of the pandemic on the country’s economy in 2020.

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