As previously reported, Russia is introducing the following personal income tax brackets/rates from 1 January 2025:
- 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%
The above brackets/rates will generally apply for salary income, while other types of income will be subject to a rate of 13% on income up to RUB 2.4 million and a rate of 15% on the excess,…