On 10 July 2024, the Russian State Duma (lower house of parliament) and the Federation Council (upper house) approved the bill submitted by the Ministry of Finance on 3 June 2024 to increase the taxation of personal and corporate income. As previously reported, this includes an increase in the corporate income tax rate from 20% to 25%. Further, the following personal income tax brackets/rates are introduced:
- up to RUB 2.4 million - 13%
- over RUB 2.4 million up to RUB 5 million - 15%
- over RUB …