The Russian parliament is considering draft Bill No. 307392-8, which provides for an increase in the minimum wage from RUB 15,279 per month to RUB 19,242 per month with effect from 1 January 2024. The minimum wage value is used for various tax purposes, including national insurance contributions for SMEs, which was reduced from 30% to 15% from 1 April 2020 on the portion of wages that is above the minimum wage. Decree No. 973 also increases the minimum subsistence level by 10% from RUB 12,654…