The Russian parliament is reportedly considering a draft bill submitted by the Ministry of Finance on 3 June 2024 that would increase the taxation of personal and corporate income. This includes the following personal income tax brackets/rates:
- up to RUB 2.4 million - 13%
- over RUB 2.4 million up to RUB 5 million - 15%
- over RUB 5 million to RUB 20 million - 18%
- over RUB 20 million to RUB 50 million - 20%
- over RUB 50 million - 22%
In addition, the corporate income tax rate would be increased…