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Russia Establishes Contribution Basis Caps for Social and Pension Insurance for 2022

|Approved Changes|Russia
Russia

Russia has published Decree No. 1951 of 16 November 2021 in the Official Gazette, which establishes the annual contribution basis (salary) caps for employer contributions for social and pension insurance in 2022. For the social insurance contribution (2.9%), the contribution basis is capped at RUB 1,032,000, up from RUB 966,000 for 2021, with the excess not subject to contribution. For the pension insurance contribution, the contribution basis subject to the 22% rate is capped at RUB 1,565,0…

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