Legally cut the insurance contributions in half

An accredited IT company, a Skolkovo resident, could apply the salary insurance contributions rate of 14 % for several years. However, in 2022, some amendments to the legislation were made which allowed our client to apply the more favorable 7.6 % salary insurance contributions rate for IT companies.

Due to constant monitoring and studying changes in legislation, the outsourcing accounting department significantly reduced our client’s expenses related to payroll deductions. In fact, we cut these expenses in half, which greatly influenced the company’s financial situation.