Communications Ministry grants accreditation to 100 more IT companies

Russian Communications and Mass Media Minister Nikolai Nikiforov has granted accreditation to another group of over 100 Russian IT organizations.

Russian Communications and Mass Media Minister Nikolai Nikiforov has granted accreditation to another group of over 100 Russian IT organizations.

"I have signed an order to accredit another group of 103 Russian software developers, which entitles them to payroll tax concessions," the minister wrote on Twitter on Sunday.

He said the ministry had accredited more than 1,500 small IT companies since the start of 2014, increasing their number to 4,343. The current sharp increase in the number of accredited companies is due to the launch of significant support measures for the registered IT organizations, Nikiforov said.

The accredited IT comopanies are entitled to the following preferences: lower insurance fees - 14 percent of the payments within the base for the assessment of insurance tax and 0 percent of the payments over and above the base, and easier terms of employing skilled foreign specialists.

A law lowering the limit on staff of IT companies seeking a reduced insurance tax, signed by President Vladimir Putin on December 30 2013, was enforced on January 1 2014. June 24 2014 saw the enforcement of amendments to the federal law on the legal status of foreign citizens in the Russian Federation which set the minimal threshold of pay due to high-skilled foreign IT specialists to 1 million rubles per annum, or 83,000 rubles per month, instead of the earlier threshold of 2 million rubles a year.

Some 465 IT companies would be accredited in Russia annually between 2008 and 2013 when the old standard was applied.

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