Russia
Taxation in Russia
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Taxation in Russia
Income Tax
In Russia there is a simpler tax code system that was created to reduce the tax burden on people, which also dramatically increased state revenue. There is a flat personal income tax rate of 13%.Individuals are liable for tax on income as employees, and income in self-employment. Tax is payable on income earned in Russia and overseas by individuals who meet the test of permanent residency in Russia. Foreign residents only pay tax on income earned in Russia. To be considered a Russian resident, you need to be in Russia for at least 183 days during any given tax year.
Corporate Tax
Corporation tax is made of 2 rates, which are:
Federal tax at a rate of 6.5%
Regional tax at a rate of 17.5%
The maximum profit tax is 24%.