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By Sergei Blagov
Employer expenses for employee training will be tax deductible under legislation signed into law by President Vladimir Putin (Federal Law No. 169-FZ), the presidential press service announced in a July 19 statement.
Intended to encourage employers to offer training for skilled workers, the amendments to the Tax Code stipulate that employers' expenses for professional education and training programs and for the independent assessment of employee qualifications will be considered work-related educational expenses deductible for Russian profit tax purposes. The new provisions are effective from Aug. 19, 2017, through Dec. 31, 2022.
To contact the reporter on this story: Sergei Blagov in Moscow at [email protected]
To contact the editor responsible for this story: Rick Vollmar at [email protected]
Full text of Federal Law No. 169-FZ is available , of the press service announcement , both in Russian.
For more information on Russian HR law and regulation, see the Russia primer.
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