Tax incentives for the IT sector in the Russian Federation: current status and development prospects

About the authors:

Anna S. Balandina, Cand. Sci. (Econ.), Associate Professor, Associate Professor of the Institute of Economics and Management, National Research Tomsk State University, Tomsk, Russia; anbalandina@mail.ru, https://orcid.org/0000-0002-0735-9601

Alina D. Reznikova, Independent Researcher, Tomsk, Russia; alina.r.work@gmail.com

Abstract:

Tax incentives and preferences are mechanisms to reduce taxpayers' tax liabilities in accordance with the law. They can be either full or partial. The use of tax incentives can contribute to stimulating the economy and easing the tax burden for various categories of taxpayers, while maintaining a balance between economic stimulation and ensuring sufficient budget revenue. Governments actively use tax incentives to support the economy and enhance the competitiveness of various sectors.The IT sector is one of the most dynamically developing segments of the economy, both globally and in Russia. The growth of the IT sector is primarily drivenby the digital transformation of the economy: businesses are facing the need to adapt to new competitive conditions and the emergence of new markets enabled by digital solutions. The role of the state in this process is also significant, as it actively promotes the development of the IT sector, recognizing it as a strategic industry.Tax policy plays a key role in attracting investments and talent to the IT sector, and countries offer various tax instruments and mechanisms to attract investments and stimulate innovative development in their economies.

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