The Russian parliament is considering draft Bill No. 140668-8, which provides for the introduction of a new top individual income tax rate. Russia currently applies a two-bracket income tax that includes a 13% rate on individual income up to RUB 5 million, with income exceeding that amount subject to a 15% rate. As proposed in the draft bill, the two existing brackets would be maintained with a third bracket introduced on income exceeding RUB 50 million, which would be subject to an 18% rate…