Income Tax Rates Russia

Therefore you will need to pay income taxes in russia on all your worldwide income at the rate of 13.

Income tax rates russia. Moreover nationals of eeu member countries armenia belarus kazakhstan and kyrgyzstan working in russia can also apply for special tax preferences. 20 a reduction down to 15 5 is possible in special economic zones and certain regions vat value added tax 0 10 18. There are no local taxes on personal income in russia. In the long term the russia personal income tax rate is projected to trend around 13 00 percent in 2021 according to our econometric models.

Icalculator ru excellent free online calculators for personal and business use. Rental expenses e g mortgage interest maintenance and utilities costs are generally not deductible for tax purposes. Incomes taxes in russia are determined by residency status. It is not possible to file joint returns when paying taxes in russia.

Self employed persons pay 4 6 on turnover. Rental income derived by tax non residents from property located in russia is taxable at the rate of 30 percent. Tax tax rates in russia. Russian it companies will benefit from a new ultra low tax regime putin announced with a so called tax maneuver to cut social security obligations on technology firms from 14 to 7 6 and.

Personal income tax rate in russia is expected to reach 13 00 percent by the end of 2020 according to trading economics global macro models and analysts expectations. Some other taxes for instance property tax substantial in many countries such as the united states and payroll tax are not shown here. The move will generate 60 billion rubles 875 million in extra revenue for the government putin said. In general tax residents pay 13 on their worldwide income as income taxes in russia while russian source income is taxed at 30 for non residents.

Income tax rates in russia. The list focuses on the main indicative types of taxes. Withholding tax on dividends. Russians earning more than 5 million rubles us 73 000 a year will pay 15 tax on all income above that level.

If you live in the country for more than 183 days per year and have been granted a legal russian residency permit you will be considered a tax resident. Review the 2019 russia income tax rates and thresholds to allow calculation of salary after tax in 2019 when factoring in health insurance contributions pension contributions and other salary taxes in russia. Corporate tax individual income tax and sales tax including vat and gst but does not list capital gains tax. Withholding tax on other passive income royalties interest etc 15 for payments abroad may be reduced to 5 depending on the double taxation treaty.