The Cabinet of Ministers has determined the procedure for obtaining a federal investment tax deduction

icon
10:23; 11 November 2024 year
freepik

© freepik

In Russia, the federal investment tax deduction will begin on January 1, 2025. The procedure for its application was established by the Cabinet of Ministers.

Thus, 3% of expenses will be returned by enterprises investing in their own development. We are talking about reducing the income tax payment by this amount.

The investment tax deduction will be available to enterprises from such areas as mining, manufacturing, research and development, electricity and gas supply, catering and hospitality.

The government believes that this measure will help domestic companies reduce the cost of purchasing and upgrading equipment, increase the efficiency of project implementation and strengthen their positions in both domestic and foreign markets.