CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Russia Proposes To Ditch Flat Individual Tax Regime

Russia Proposes To Ditch Flat Individual Tax Regime

by Tatyana Smolenskaya, Tax-News.com, Moscow

01 March 2018


Legislation has been tabled in Russia's lower house of parliament, the Duma, to introduce a two-rate personal income tax regime, in place of the current flat tax regime.

The bill would create a new rate above the current 13 percent flat rate, of 18 percent for those earning more than RUB24m (USD422,620). The 13 percent rate would continue to apply below this threshold.

Bill no. 384276-7 was tabled in the Duma on February 12, 2018. A consultation is ongoing on the bill and the State Duma Committee on Budget and Taxes is currently reviewing the text. A first reading is expected this month.

TAGS: Russia | tax | legislation | tax rates | legislation amendments | individual income tax

To see today's news, click here.

 
















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »