Russian Government Refuses to Repeal VAT Exemption for Russian Software Developers

The Russian government will maintain the VAT exemption for domestic software developers. Vice Prime Minister Dmitry Grigorenko, responsible for the IT sector, announced this decision. The exemption will be reflected in the amendments to the Tax Code, which will be made before the second reading, ensuring that Russian software developers continue to benefit from this tax incentive. This decision comes as a relief to the local software industry, as the exemption plays a crucial role in supporting and promoting the growth of the sector.