Manufacturers of X-ray equipment received a profit tax benefit

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The Government of the Russian Federation has reduced the rate of income tax and insurance premiums for manufacturers of X-ray machines and medical equipment for functional diagnostics,Vademecum reports.

The measure was adopted as a part of a package to support domestic manufacturers of electronic products. The preferential income tax rate will be 3%, and the reduced insurance premium rate will be 7.6%.

The list of radioelectronic products was approved by the Decree of the Government of the Russian Federation No. 1310 of July 22, 2022, which entered into force on the day of its publication, August 1, 2022.

“The list includes X-ray, radiographic and fluoroscopic devices under OKPD codes (All-Russian classifier of products by type of economic activity) 2 26.60.11.112-113, as well as devices not included in other groupings for functional diagnostic studies or for monitoring physiological parameters for medical purposes (OKPD code 2 26.60.12.120). Manufacturers engaged in the development or production of this equipment will be allowed to pay income tax at a rate of 3%, and the rate of insurance premiums for them will be 7.6%. The benefit is granted in accordance with clause 1.16 of Article 284 and clause 14 of Article 427 of the Tax Code of the Russian Federation. The amendments were made in July 2022 during a tax “maneuver” designed to stimulate the development of the domestic radioelectronic industry amid external restrictions,” the newspaper writes.

In particular, the following domestic manufacturers of X-ray equipment can receive the benefit: AO MTL, AO Roentgenprom of the Amiko group, OOO S. P. Gelpik, St. Petersburg NIPK Electron, OOO Sevkavrentgen-D.