Agenda

PROGRESSIVE SCALE OF PERSONAL INCOME TAX

09/07/2021

 

Starting from 2021 the income of individuals, being Russian tax residents, that exceeds 5 million rubles is assessed to personal income tax at the rate of 15%.

When a taxpayer receives income from several companies, acting as tax agents, in an aggregate amount exceeding 5 million rubles for the tax period, the tax agents shall not control the amount of payments made by other tax agents. In case the threshold is exceeded, the taxpayer shall be responsible to pay additional amount of personal income tax on the basis of a tax notification sent by the tax authority no later than December 01 of the year following the expired tax period.

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