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Russian Ministry of Finance Announces Tax Policy Plans

|Proposed Changes|Russia
Russia

Russia's Ministry of Finance has issued a release on tax policy plans that were announced by State Secretary - Deputy Minister of Finance Alexey Sazanov at a recent B1 company event. The release summarizes the key points of his speech at the event, including:

  • There are no plans to re-introduce the corporate excess profit tax and other drastic changes in state tax policy, including rate increases, in 2024;
  • There are no plans to increase personal income tax rates in 2024;
  • It is planned to ado…

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