Russia delays controversial tax bill official RT Business News
Russia delays controversial tax bill official
The proposal to increase personal income taxes for workers abroad has been postponed
Sputnik / Dmitry Astakhov
The Russian government has withdrawn a draft law that would more than double the tax rate for citizens who work outside the country, a day after the document was submitted to the State Duma.
The press service for the Cabinet of Ministers announced on Tuesday that the bill requires a number of technical clarifications before it can be sent for approval to the Russian parliament.
On Monday, the government submitted a draft law to the State Duma that would oblige companies to levy a 30% personal income tax on payments to Russians who have lived abroad for more than six months and have lost their tax residency status.
Russias current personal income tax rate of 13% is deducted automatically by domestic employers. Russians working abroad who are tax residents must pay the tax independently, according to the Federal Tax Service.
If adopted, the amendments will reportedly come into effect from January 1, 2024, and will apply to employees who use the Russian segment of the internet for work, or use software and equipment located in the country.
Wednesday, April 26, 2023 at 8:19 am