The amount of the federal investment tax deduction for enterprises will amount to 3% of the amount of development expenses

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The amount of the federal investment tax deduction for enterprises will amount to 3% of the amount of development expenses
November 11th. /MEDIA TALK/. As part of an operational meeting with Deputy Prime Ministers, Prime Minister Mikhail Mishustin said that from January 1, 2025, enterprises will be able to return 3% of their expenses spent on development by reducing income tax payments.

Companies in the manufacturing, mining, energy industries, scientific research, tourism and catering will be able to take advantage of this opportunity.


Photo: ru.freepik.com

As Mishustin stressed, it is expected that the measure proposed by the Government will reduce the cost of purchasing and upgrading fixed assets of enterprises, and strengthen the positions of Russian companies in both domestic and foreign markets.

We recently wrote about the possibility of getting a tax deduction for physical education and wellness services.
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