Electronics

Russia will levy a 3% digital tax on foreign IT companies’ income from Russian shopping. The UK has imposed taxes on digital services since April 1, 2021, involving companies such as Amazon, Google and Facebook. The Russian government is considering levying digital taxes in two ways: one is to levy unilateral digital taxes based on the practices of the United Kingdom, Italy, Spain, and France; the other is to join the global digital service tax system being developed by the OECD.

Russian Minister of Digital Development, Communications and Mass Media Shadayev recently stated that the ministry has coordinated its position with the Russian Ministry of Finance. If the OECD members fail to reach agreement on the introduction of digital taxes in July 2021, Russia may unilaterally introduce digital taxes. tax. Russian Deputy Finance Minister Sazanov stated that the Russian government will only levy taxes on large companies with high turnover and high traffic. The new tax will reach billions of rubles, and the relevant revenue will be used to support the country's IT industry.