Russian Cabinet approves draft amendments of fiscal parameters

MOSCOW: The Russian Government has approved the package of amendments for improvement of the fiscal system, the Cabinet’s press service said...


MOSCOW: The Russian Government has approved the package of amendments for improvement of the fiscal system, the Cabinet’s press service said.

"The package of draft laws presented by the Ministry of Finance, comprising amendments to the budget law for 2024 and the planned period of 2025 and 2026, and amendments to Internal Revenue and Budgetary Codes was reviewed and approved at the Cabinet meeting," the press service informed.

Draft documents will now be sent to the State Duma for consideration.

New features are to come into force from January 1, 2025. The tax rate differentiation depending on the income is among new features. The rate will remain 13% for citizens with incomes up to 2.4 mln rubles ($26,600) per year. The tax will be 15% for the annual income from 2.4 mln rubles to 5 mln rubles ($55,450), 18% for the income from 5 to 20 mln rubles ($221,700), and 22% when the income is above 50 mln rubles ($553,800) per year. The higher tax will be collected not from the whole amount but only from the surplus above relevant thresholds.

The corporate income tax will be increased from 20% to 25% but without the use of turnover-based charges, such as export duties pegged to the exchange rate.


-News Feed

COMMENTS


*

Name

AROUND THE GLOBE,5243,business,74,BY READERS,479,FEATURE,289,GLOBE,16,KERALA,13,Movie,327,s,1,SPECIAL STORY,394,TAMILNADU,4,TOP STORY,5961,TRAVEL,8,
ltr
item
Local Glob: Russian Cabinet approves draft amendments of fiscal parameters
Russian Cabinet approves draft amendments of fiscal parameters
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfdlIJ2JYzO50SR6gebNK-cbMiuls58DVcFDLbZ2RbrFFOovFOau1_zU5fa4sNjynnwIqw41sxOX0W9Gff1Qimcx_IVQULkF9pmWkrcgh24s5k7nMghz8wfnofghzEf_hgzsRLIdi-11bA7NnEsuAeBqA-_M8UXXGIrJVuh2QaKgKhKbBzg0ryAnDs4DqL/s320/russia.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfdlIJ2JYzO50SR6gebNK-cbMiuls58DVcFDLbZ2RbrFFOovFOau1_zU5fa4sNjynnwIqw41sxOX0W9Gff1Qimcx_IVQULkF9pmWkrcgh24s5k7nMghz8wfnofghzEf_hgzsRLIdi-11bA7NnEsuAeBqA-_M8UXXGIrJVuh2QaKgKhKbBzg0ryAnDs4DqL/s72-c/russia.jpg
Local Glob
https://www.localglob.com/2024/05/russian-cabinet-approves-draft.html
https://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2024/05/russian-cabinet-approves-draft.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy