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Personal income tax proposed to be raised up to 50% for rich Russians

Personal income tax in the amount of a quarter of income may be introduced for Russians who have annual income of more than 10 million rubles. For those who show super-profits, taxation can reach 40-50%. Parliamentarian Mikhail Shchapov made such a ...

TAX BURDEN FOR HIGHLY-PAID EMPLOYEES MAY BE INCREASED

... taxation in five groups of taxpayers on the principle ‘earn more - pay more taxes’. The corresponding bill is currently being considered by the lower house of parliament. The Chamber of Commerce and Industry also noted that the transition to a rate of 15% personal income tax for annual income over 5 million rubles is not sufficient. Such an innovation has started working since the beginning of this year, it has been established that an increased tax of 15% instead of 13% is levied only on an amount exceeding ...

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