Arab Today, arab today putin backs idea of software sales tax to support domestic developments
Last Updated : GMT 04:11:20
Arab Today, arab today
Arab Today, arab today

Putin backs idea of software sales tax to support domestic developments

Arab Today, arab today

Arab Today, arab today Putin backs idea of software sales tax to support domestic developments

Russian President Vladimir Putin (R)
Moscow - Itar-Tass

Russian President Vladimir Putin said on Wednesday he supported the idea of introducing a special levy on software sales to use the proceeds for financing domestic software developments.
The proposal was made by Russian Communications Minister Nikolai Nikiforov who spoke about a special levy for the 10 most critical types of software.
“We believe that a special levy can be introduced in the sphere of software in the current situation when a special discount exists today for the payment of VAT and software licenses are levied at a zero rate while three fourths of software are actually supplied from abroad,” the minister said.
The Russian communications minister said the software levy could amount to 5-10%, with the proceeds expected to go to a special fund for the development of the Russian software.
The Russian president said he liked this idea.
“I believe this is a good idea. I will certainly support it. We only need to work on this issue in the government and talk with colleagues in the Economic Development and Finance Ministries,” the head of the Russian state said.

 

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