The Russian Government has issued a release on the agenda of a meeting held on 25 May 2022. Among other things, further support for IT companies was discussed that would involve relaxing the conditions for the "ultra-low tax regime". The regime was introduced in 2020 and includes two main benefits:
- a reduction in the corporate tax rate to 3%; and
- a reduction in social security contributions to 7.6%
To qualify, the following conditions must be met:
- the company must have state accreditatio…