The Russian tax system is generally relatively simple and perfect. In terms of corporate income tax, it is jointly collected by the federal government and local governments: in terms of personal income tax, , there are only two stops, and the calculation is quite simple.
Introduction to the main tax types
Corporate income tax
·Tax rate: 20%. 3% of these are collected by the federal government and 17% are collected by the local government.
·Tax payment entity: For enterprises registered in Russia or whose main management is in Russia, corporate income tax is required.
·Taxable income: is based on the business income of the enterprise in the country, capital gains , rent, interest, etc.
Personal income tax
·Tax rate: for general tax residents, it is 13%. For non-residents whose income comes from Russia, the applicable tax rate is 30%.
·Tax payment subject: For individuals who have permanent residence in Russia or have been to spend more than 183 days in the past year, personal income tax is required.
·Taxable income: Personal income, interest, rent, etc. obtained in Russia are taxable income.
VAT
Most goods and services should be paid for VAT:
1. Standard tax rate: 20%.
2. Tax reduction and exemption rate: 10%, such as food, medicine, publications, etc.
3. Zero tax rate: 0%, such as exported goods, etc.
withholding tax
Currently, Russia has signed 82 tax agreements. According to the agreement between Russia and China, the agreed withholding tax rate is as follows:
Russian company pays dividends to mainland China. If directly holds more than 25% and the annual turnover is greater than 80,000 euros, the dividend withholding tax is 5%, otherwise the dividend withholding tax is 10%. If the branch profit returns, no tax will be imposed.
declaration time
corporate income tax
·Annual declaration: The declaration must be completed within March 28 of the following year.
Personal Income Tax
·Annual Declaration: The declaration must be completed within April 30 of the following year.
VAT
·Quarterly declaration: The declaration must be completed within 25 days of the declaration month.
