The Government of the Russian Federation has determined the parameters for the application of the federal investment tax deduction, which will become effective on January 1, 2025. The corresponding decree was signed by Prime Minister Mikhail Mishustin.
The deduction amount will be 3%. It is by this amount that the income tax payment can be reduced, provided that these funds are invested in the development of production.
In accordance with the resolution, enterprises and organizations engaged in mining, as well as companies operating in the manufacturing industry, with the exception of manufacturers of food, beverages and tobacco products, have the right to an investment tax deduction.
Enterprises providing consumers with electric energy, gas and steam, catering establishments, hotels, organizations engaged in scientific research and development, as well as organizations and companies operating in the field of information technology and telecommunications will be able to receive an investment tax deduction.
