The President of Russia signed the law on the progressive scale of personal income tax

The President of Russia signed the law on the progressive scale of personal income tax

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Starting from January 1, 2025, a progressive personal income tax (personal income tax) scale will be introduced in Russia. The new law signed by President Vladimir Putin sets the following rates: Up to 2.4 million rubles per year — 13%. From 2.4 to 5 million rubles — 15%. From 5 to 20 million rubles — 18%. From 20 to 50 million rubles — 20%. Over 50 million rubles — 22%. The increased rates will only apply to the amount exceeding the established thresholds. Exceptions and features The changes will not affect payments to participants of their allowances for workers in the Far North and other difficult climatic conditions. For taxpayers controlling five or more foreign companies (CFC), a fixed amount of profit is introduced to pay personal income tax —…
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