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Putin offers tax incentives for use of domestic technology — RT Business News

Firms adopting Russian software will receive government support, president says

Russian companies that purchase and adopt domestic IT solutions will be eligible for tax benefits starting next year, President Vladimir Putin announced Thursday at the AI ​​Journey conference.

He said companies can take advantage of tax incentives and allocate additional funds for technology upgrades. This also applies to new developments in the field of artificial intelligence.

According to the president, the introduction of innovations should not be costly for companies.

He also gave instructions on providing support to Russian manufacturers of cloud technologies. Companies must have software and hardware tools and computing power to work with data and end-to-end digitalization of business processes, Putin stressed.

According to the president, special support mechanisms should be developed and applied within the framework of the federal project on artificial intelligence. The Russian leader also stressed the need to promote the development of domestic cloud technologies, such as “various platforms and services that allow businesses, citizens and authorities to use resources via the Internet, work in applications, store information and perform calculations.”

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