Russia's Federal Tax Service (FTS) has issued a release on the relaxed conditions for the "ultra-low tax regime" for IT companies as per amendments provided by Federal Law No. 321-FZ of 14 July 2022 and Federal Law No. 323-FZ of 14 July 2022. The regime was introduced in 2020, including a reduction in the corporate tax rate and a reduction in social security contributions for qualifying IT companies. To qualify, the general conditions include:
- the company must have state accreditation as …