Major legislative changes: what to expect in 2025
Starting in 2025, a number of significant changes will come into force in Russian legislation that affect both taxation and employers' social obligations. These innovations are aimed at improving tax policy, increasing transparency and fairness of tax rates, as well as social support for the population. Among the key changes are a new personal income tax scale, an increase in corporate income tax, the introduction of a tourist tax and an increase in standard deductions for children. In this article, we will take a closer look at what changes businesses, workers, and the self-employed expect next year. Personal income tax scale Starting in 2025, a five-tier scale of personal income tax rates (personal income tax) will be introduced. The new scale has been developed for a fair distribution of the…