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More Organizations To Receive Investment Tax Credit

A new federal law has expanded the list of instances in which the investment tax credit may be applied.

Federal Law #261-FZ from 11-23-2009 has expanded the list of cases under which companies who carry out research and development work or make technical upgrades to equipment are eligible to receive investment tax credit. Beginning December 28, when the law comes into force, the tax credit will be offered if a company’s work is focused on increasing energy efficiency in the production of goods, the execution of work, or the rendering of services.

A new basis for receiving investment tax credit is also being introduced. It will be available to organizations that invest in the creation of a range of products, in particular, those that have maximum energy efficiency.

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