Media & Resources
Progressive rate of personal income tax is proposed
DATE: August 18, 2016 | AUTHOR: atlawyers
On 11.08.2016 a Bill was introduced to the RF State Duma which proposes replacement of a fixed 13% rate of personal income tax with progressive rates based on the level of taxpayers’ annual income: for the income up to 180 000 RUB per year – 0%; from 180 001 RUB to 2 400 000 RUB – 13%; from 2 400 001 RUB to 100 000 000 RUB – 288,6 thousand RUB + 30% on the income excessing 2 400 000 RUB; above 100 000 001 RUB – 29568,6 thousand RUB + 70% on the income excessing 100 000 001 RUB. The RF Government has issued a negative opinion on the Bill.