Media & Resources
A draft resolution has been published regarding increasing the threshold for calculation of the insurance contributions
DATE: October 4, 2024 | AUTHOR: AT
On the federal portal a draft resolution was published regarding the raise of the threshold for calculation of insurance contributions that could be applicable starting from January 1, 2025.
It is planned to increase the threshold from RUB 2 225 000 (as applicable in 2024) to RUB 2 759 000 per year. The salary within the threshold will be subject to 30% insurance contributions and the rest will be subject at a rate 15,1%.
So starting from January, 2025 it is planned to increase not only the personal income tax rate, that is withheld by the company upon salary payments, but also the insurance contributions that are payable by the companies in relation to their employees.
The discussion of the draft will be ongoing until October 9.
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