Russia has published Federal Law No. 265-FZ of 31 July 2020 in the Official Gazette, which provides for the introduction of the "ultra-low tax regime" announced in June 2020 for Russian IT companies. As previously reported, the regime provides two main benefits for qualifying IT companies, including a reduction in the corporate tax rate to 3% and a reduction in social security contributions to 7.6%. The measures of the law apply from 1 January 2021, except for a COVID-19 relief measure regar…