Russia's Ministry of Finance has announced the submission of a package of bills, including a draft law on the federal budget for 2027 and for the planning period of 2028 and 2029. This includes several proposed tax measures:
- Incorporate passive earnings into the main personal income tax base subject to progressive tax rates ranging from 13% to 22%, such as dividends, bank deposit interest, income from securities, property sales, and insurance payouts;
- Introduce a 15% profit tax on the passi…