Found: 12

The Pros and Cons of Different Tax Regimes for Businesses in Russia

... standard tax regime used by most large companies and all companies that do not meet the criteria for special regimes. Advantages of GTS: No income or employee limitations. Companies under GTS can have unlimited income and number of employees. Right to VAT refunds. Under GTS, companies can claim VAT refunds, which is particularly relevant for organizations working with large corporate clients or exporting goods. Ability to account for all expenses. All verified expenses can be considered when calculating ...

What Tax Incentives are Available for Entrepreneurs and Investors in Russia?

... tax incentives: Reduced corporate income tax rates. For IT companies meeting certain criteria (such as having accreditation from the Ministry of Digital Development), the corporate income tax rate can be reduced to 3%. There are also exemptions for VAT and property tax. Discounted insurance premiums. For accredited IT companies, the insurance premium rate is 7.6% instead of the standard 30%. Incentives for residents of technoparks and special economic zones. Companies operating in such zones can ...

Amendments to Mining Taxation in Russia: What Changes for the Cryptocurrency Sector and Investors

... tax calculated based on the market value of the cryptocurrency at the time of mining. The law also allows for a reduction of the taxable base by the amount of incurred expenses, helping miners partially offset costs for equipment and electricity. No VAT on Cryptocurrency Transactions One significant point is that transactions involving digital currency will not be subject to value-added tax (VAT). This exemption, aimed at stimulating the development of the cryptocurrency market, makes transactions ...

Features and Pitfalls of Investing in Gold

... can sometimes vary significantly. To avoid overpaying, it is advisable to research the market and review offers from various financial institutions to identify the most favorable terms. For holdings of gold less than three years, the owner will incur VAT, which may lead to losses rather than profits. This factor should be considered during the purchase. Investment coins are exempt from VAT. Therefore, for short-term investments, acquiring these is preferable. When purchasing coins, it is best to avoid ...

Skolkovo: One of the Leading Incubators in Russia

... potential partners and investors. Open Oil Market — Skolkovo Resident My company Open Oil Market is a resident of Skolkovo and enjoys all tax benefits provided by the center. As a result, we are exempt from corporate income tax, property tax, and VAT on certain goods and services. This allows us to significantly reduce costs and allocate more resources to develop and scale our business. Additionally, resident status gives us access to grants for research and development, helping us accelerate ...