“It is highly important to encourage business to invest in new projects, in modernizing production and in cutting-edge technology. As you know, a number of practical measures have recently been taken towards this end. I am referring to the increase of bonus depreciation to 30% from 10%, the reduction of taxes on companies’ investment in R&D and technical retooling, and the lifting of VAT from the imported equipment that is not produced in Russia.”
Vladimir Putin Extended meeting of the Russian Chamber of Commerce and Industry
