PM: Govt to free all IT firms from profit tax, checks for 3 yrs

MOSCOW, Mar 2 (PRIME) -- The Russian government will exempt all the IT companies from the corporate profit tax for three years, Prime Minister Mikhail Mishustin said on Wednesday at a meeting.

“During three years, all the IT companies will be freed from the corporate profit tax and checks by the controlling authorities. They will be able to take loans at beneficial terms to continue work and new projects at the rate of no more than 3%,” Mishustin said.

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