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Russia

Rates of tax
Country Russia
Tax year 2021
Income Tax Tax residents: 13% for income up to RUB 5mln and 15% on any exceeding amount; tax non-residents: 30%
Capital Gains Tax - Residential Property Tax residents: 13% for income up to RUB 5mln and 15% on any exceeding amount; tax non-residents: 30%
Capital Gains Tax - Other Assets Tax residents: 13% for income up to RUB 5mln and 15% on any exceeding amount; tax non-residents: 30%
Corporation Tax 20%
Inheritance Tax 0%
Estate Tax Up to 2,2%
Wealth Tax N/A
Sales Tax / VAT 20%

 

In our Global Opportunities for Relocation 2018 report, BDO provides an overview of tax regimes around the world. Click through to our global map to see four broad types of tax regime.

Low tax/no tax – Countries that offer a headline rate of tax on income and capital gains of 20% or less

 

Other Key Facts

  • Immigration: More information to come
  • Tax rates
  • Began exchanging information under Common Reporting Standard: 2018 - Second wave adopter 

 

Russia, being the world’s largest country by surface area, spans over eleven time zones and have easy access to both Europe and Asia, which makes it unique and strategic location for doing global business in these regions. Being amongst the world’s leading economies, Russia offers numerous opportunities for investing in various areas, including real estate, financial services, IT, oil and gas, etc. The increasing number of HNW individuals in Russia in the recent years demonstrates the strength of its economy even under pressure. Recent changes in Russian tax and accounting rules make Russia more integrated into global economies, while making it easier for foreigners to adapt to Russian business environment. Easy to access to high quality shops, restaurants and service providers in the largest cities of Russia, such as Moscow and St. Petersburg, make lifestyle in the cities comparable to that in Europe and North America.