Translation. Region: Russian Federation –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
The government continues to create favorable conditions for conducting research and development work. A decree has been signed establishing a new coefficient value, which reduces the base for calculating income tax.
We are talking about expenses incurred in conducting research and development, which are excluded from the calculation base of the profit tax. They are classified as other expenses. Until now, the coefficient increasing them was equal to 1.5, now it will be equal to 2. Thus, the tax payments of organizations and enterprises will decrease, which will allow them to allocate more funds for conducting research.
The list of research and development activities covered by this benefit is approved by the Government. Today, it includes several hundred types of work in 10 areas. Among them are “Nanosystems Industry”, “Information and Telecommunication Systems”, “Transport and Space Systems”, “Small- and Medium-Tonnage Chemistry”.
The increase in the coefficient reducing the base for calculating income tax is provided for by the new version of the Tax Code. It was adopted by legislators in July 2024.
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