Yesterday, the Ministry of Digital Development conducted a massive purge that excluded more than 400 IT companies. Today, the ministry proposed a new accreditation process. It is now clear why so many IT companies lost their IT affiliation.
The Ministry of Digital Development proposes that only companies with at least 30% of their revenue coming from IT activities will be included in the list of accredited companies. Enterprises will be required to keep separate income accounting. Additionally, it is important to reflect revenue from core activities in financial statements for the last reporting period. Remember that of the 400 companies that were excluded yesterday, 32 are banks. They receive the largest share of revenue and obviously not IT activities.
A company must have an IT-related OKVED (that’s, the main activity), and at least 80% must be paid a salary that is not less than the national average. The company must also declare the IT project in development and its status before applying for accreditation.
If the company was founded as a result a reorganization, and if the organization has direct or indirect participation from the state (50%) and if the organisation is a state-owned business, bank, nonbank credit institution or insurance organization, then the rejection of accreditation can be made.
” The Ministry of Digital Development intends to periodically check all companies from its register of accredited companies for compliance [with the required requirements,” said the ministry in a statement.