David Martirosov expects the overall market to grow
Posted: Mon Jan 20, 2025 8:57 am
Despite the expected support measures, their impact on the market will most likely be limited, as it was before, believes Ideco Director, ARPP "Domestic Software" expert Dmitry Khomutov. According to him, the period of rapid growth of IT companies is coming to an end, and in the near future they will have to switch to the stage of significant investments. Replacing Western vendors will require domestic companies to make serious investments in developing their own solutions, which may lead to a decrease in profits.
by approximately 15–25% per year, depending taiwan whatsapp resourceon the direction, and to exceed 100 billion rubles in 2027. The workstation and server virtualization segments will also grow, but at a slower rate; related segments, such as automation tools and container virtualization, will show better results.
Software-defined storage (SDS) and networking (SDN) are also promising areas. As the market grows, complex solutions will be in high demand.
Time to gather stones
The day before, the State Duma adopted in the first reading government amendments to the Tax Code of the Russian Federation, aimed at fine-tuning the tax system in Russia. They provide for an increase in the profit tax rate for IT companies to 5% in 2025–2027. The zero rate will be in effect until the end of 2024.
Irina Mitina, President of the Association of Enterprises in the Field of Radio Electronics,
Information Technology, Digital Innovation and Engineering, notes that in the current reality, such changes represent an attempt to maintain a balance between the interests of the state and business.
Renat Lashin, executive director of Domestic Software, predicts that in the context of increasing the profit tax to 25%, maintaining the reduced profit tax for IT companies at 5% looks quite optimal. Under such conditions, software development companies will retain the opportunity to further grow and invest in the creation and development of their products in accordance with customer requirements, he believes.
— It is necessary to continue to motivate developers and engineers. The tax rate has changed from 0 to 5%, which is still significantly lower than 20% in other industries, — says Roman Karpov, Director of Strategy and Technology Development at Axiom JDK. — It is important to use additional material and non-material incentives, as well as introduce new ones.
In turn, the CEO of iTPROTECT, Andrey Mishukov, notes that the number of IT companies in Russia is growing (by 14% over the past 2.5 years), but the volume of benefits is not endless, so support programs will change, and this is logical. In particular, now, apparently, the time has come to review taxes.
— Nevertheless, for IT startups, which play an important role in the innovative economy, taxes should be minimal, and the opportunities for receiving benefits and support should be maximal, until they achieve financial stability and reach a profit plateau, — emphasizes Mishukov. — At the same time, we should not forget that at the moment, there is an extensive list of benefits for IT companies, for example, VAT exemption for software developers, reduced insurance premiums, loans with a reduced rate, etc.
General Director of GrafTech Petr Vasilenko believes that the introduction of the tax could slow down the development of technologies, but is unlikely to lead to radical changes.
“In order to become a full-fledged replacement for high-quality foreign IT products that have left the market, Russian companies need to invest excess profits in developing their own solutions, expanding ecosystems and increasing functionality,” he notes.
The director of the APKIT association, Nikolai Komlev, believes that "the increase in profit tax is unpleasant due to the reduction in the possibility of investing in the development of new programs and technology."
— But given the 20% difference compared to other industries, this is tolerable, — he notes. — The state needs this money under sanctions. It seems to me that it is still possible and necessary to adjust the lower steps of the progressive scale of personal income tax.
by approximately 15–25% per year, depending taiwan whatsapp resourceon the direction, and to exceed 100 billion rubles in 2027. The workstation and server virtualization segments will also grow, but at a slower rate; related segments, such as automation tools and container virtualization, will show better results.
Software-defined storage (SDS) and networking (SDN) are also promising areas. As the market grows, complex solutions will be in high demand.
Time to gather stones
The day before, the State Duma adopted in the first reading government amendments to the Tax Code of the Russian Federation, aimed at fine-tuning the tax system in Russia. They provide for an increase in the profit tax rate for IT companies to 5% in 2025–2027. The zero rate will be in effect until the end of 2024.
Irina Mitina, President of the Association of Enterprises in the Field of Radio Electronics,
Information Technology, Digital Innovation and Engineering, notes that in the current reality, such changes represent an attempt to maintain a balance between the interests of the state and business.
Renat Lashin, executive director of Domestic Software, predicts that in the context of increasing the profit tax to 25%, maintaining the reduced profit tax for IT companies at 5% looks quite optimal. Under such conditions, software development companies will retain the opportunity to further grow and invest in the creation and development of their products in accordance with customer requirements, he believes.
— It is necessary to continue to motivate developers and engineers. The tax rate has changed from 0 to 5%, which is still significantly lower than 20% in other industries, — says Roman Karpov, Director of Strategy and Technology Development at Axiom JDK. — It is important to use additional material and non-material incentives, as well as introduce new ones.
In turn, the CEO of iTPROTECT, Andrey Mishukov, notes that the number of IT companies in Russia is growing (by 14% over the past 2.5 years), but the volume of benefits is not endless, so support programs will change, and this is logical. In particular, now, apparently, the time has come to review taxes.
— Nevertheless, for IT startups, which play an important role in the innovative economy, taxes should be minimal, and the opportunities for receiving benefits and support should be maximal, until they achieve financial stability and reach a profit plateau, — emphasizes Mishukov. — At the same time, we should not forget that at the moment, there is an extensive list of benefits for IT companies, for example, VAT exemption for software developers, reduced insurance premiums, loans with a reduced rate, etc.
General Director of GrafTech Petr Vasilenko believes that the introduction of the tax could slow down the development of technologies, but is unlikely to lead to radical changes.
“In order to become a full-fledged replacement for high-quality foreign IT products that have left the market, Russian companies need to invest excess profits in developing their own solutions, expanding ecosystems and increasing functionality,” he notes.
The director of the APKIT association, Nikolai Komlev, believes that "the increase in profit tax is unpleasant due to the reduction in the possibility of investing in the development of new programs and technology."
— But given the 20% difference compared to other industries, this is tolerable, — he notes. — The state needs this money under sanctions. It seems to me that it is still possible and necessary to adjust the lower steps of the progressive scale of personal income tax.