In the beginning of November the Ministry of IT and Communications of the Russian Federation has finally founded a Federal Agency which will be charged with the accreditation of Russian IT companies.
The accreditation, stated in the state law in July 2006, is required for IT organizations, which would like to benefit from the decrease in the Unified Social Tax. The law however did not come into force since a governmental body, responsible for the official procedures of the accreditation, had not been formed. The Federal IT Agency acting within the Ministry of IT and Communications will now make this legislative initiative valid for all software development companies in Russia.
At the moment social taxes account for more than 50% of expenses in software companies.
However the fear about new Federal IT Agency is that how and whom will it accreditate? Corruption and lobbying or may change this good news to bad.
Let's see.