Shokhin pointed to the expectation of businesses to expand the use of tax deduction

Russian business expects to adjust the mechanism of the federal investment tax deduction (FINT) and expand the list of industries that have access to it. This was announced on February 17 by the head of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Shokhin.

FINV began operating in Russia in 2025. It allows companies to reduce income tax payments by 3%, provided that these funds are used for production development. Currently, organizations in the manufacturing industry (with the exception of food, beverage, and tobacco manufacturers), hotels, catering companies, and IT companies can use this support measure.

"Therefore, we are waiting for business proposals to be taken into account to mitigate these stringent requirements and expand the possibility of joining FINB <...> I think a positive change is possible here. Here, of course, we are talking about increasing the amount of investments that are subject to deduction, expanding the range of industries. And additional measures to stimulate R&D and a number of other proposals," Shokhin said during a speech at the Tax Forum as part of the Russian Business Week.

The head of the Russian Union of Industrialists and Entrepreneurs recalled that the Russian president had previously instructed to prepare a report on the modernization of the FINV mechanism by April.

It's a small matter: Putin supports the transition period for tax changes

What other concessions are being prepared for businesses and how will benefits be paid to large families with rising incomes?

Earlier, on February 16, it became known that Boris Chernyshov, Deputy Speaker of the State Duma (LDPR), sent a letter to Anton Siluanov, Minister of Finance of the Russian Federation, proposing to introduce a mechanism for automatically calculating tax deductions for the most popular categories. The appeal noted that the right to a tax deduction remains one of the most effective measures to support citizens.

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