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Russian Parliament Considering New Individual Income Tax Brackets

|Proposed Changes|Russia
Russia

The Russian parliament is reportedly considering a draft bill for the introduction of new individual income tax brackets/rates. The proposed brackets/rates are as follows:

  • up to RUB 360,000 - 0%
  • over RUB 360,000 up to RUB 5 million - 13%
  • over RUB 5 million to RUB 10 million - 15%
  • over RUB 10 million to RUB 50 million - 25%
  • over RUB 50 million to RUB 100 million - 30%
  • over RUB 100 million - 35%…

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