The Russian State Duma (lower house of parliament) is currently considering draft legislation that would introduce Tax Code amendments for the introduction of new progressive personal income tax rates that would replace the current 13% flat rate. The proposed rates are as follows:
- up to RUB 100,000 - 5%
- RUB 100,001 up to 3,000,000 - 13%
- RUB 3,000,001 up to 10,000,000 - 18%
- RUB 10,000,001 and over - 25%
Click the following link for the draft legislation page (Russian language). If approved…