Moscow Will Provide Tax Preferences to Aviation Material Developer

03 December 2018

The All-Russia research and development institute of aviation materials (VIAM) will get the industrial complex status. It will enable to decrease the profit tax rate from 17% down to 12.5%. The institute is planning to invest the saved money in technological upgrade and new equipment purchase.

VIAM is the first organization in Russia with a full cycle of additive production. The institute’s products are used in machine tooling, transport, energy sector, construction, health care and many other industries.