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%
Currently, Russia's standard individual income tax rates for residents are 13% on income up to RU…