Russia considers imposing fees on companies using foreign software

Reported 6 months ago

Russia is considering implementing charges on domestic companies that use foreign software in an effort to reduce reliance on foreign technology and enhance technological independence, as President Putin aims for at least 80% of Russian companies in key sectors to transition to Russian-made software by 2030. The move comes amid Western sanctions limiting Moscow's access to foreign technology. The proposed levy aims to incentivize businesses to adopt Russian solutions through tax motivations, although details on the fee structure remain undisclosed.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis