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Russia-Tax Profile

Taxes:Stamp Tax,Value-added Tax,Consumption Tax,Other Taxes

Date of Promulgation:

Date of Implementatio:2015-03-31

Annex:

Russia - Key Features

 

Last reviewed: 31 March 2015

 

Effective date: 1 January 2015

 

A. Direct taxation:Companies

B. Direct taxation:Individuals

 

C. Indirect taxation: Value added tax (VAT)/Goods andservices tax (GST)

D. Other taxes

E. General information

 

 

 

A. Direct taxation: Companies

1. Resident companies

Residence

A legal entity is resident in  Russia if it is incorporated under Russian law.

Tax base

worldwide

 

Corporate tax rates

20%;

13% for dividends  received;

simplified tax regime available

Alternative minimum tax

no

Capital gains

part of business income;

capital gains derived from  shares in Russian companies held for a period longer than 5 years are exempt  (under conditions)

Loss carry-forward

yes, for 10 years (except for  losses derived from activities subject to corporate income tax at the rate of  0%)

Loss carry-back

no

Unilateral double taxation relief

yes, ordinary foreign tax  credit

2. Non-resident companies

Corporate tax rates

20%;

10% on income from  international transport activities

Capital gains on sale of shares in resident  companies

no (unless derived from shares  in companies owning real estate - 20% rate)

Capital gains on sale of immovable property

20%

Withholding tax rates

Branch profits

no

Dividends

15%

Interest

20%;

15% (state and municipal  bonds);

9% (certain mortgage and  long-term municipal bonds)

Royalties

20%

Fees (technical)

no

Fees (management)

no


3. Specific issues

Participation relief

inbound dividends: yes

outbound dividends: no

Group treatment

yes

Incentives

special economic zones;

accelerated depreciation;

credit of R&D expenses

Anti-avoidance

Transfer pricing legislation

yes

Thin capitalization legislation

yes

Controlled foreign company legislation

yes

General anti-avoidance rule (GAAR)

no

Other anti-avoidance legislation

yes (beneficial ownership  concept, notification requirements)

B. Direct taxation: Individuals

1. Resident individuals

Residence

An individual is deemed to be a  resident if he is physically present in Russia for at least 183 days during  any 12- month period.

Taxable income

worldwide

Income tax rates

13% flat rate;

business income:  simplified tax regime and patent system available

Alternative minimum tax

no

Capital gains

part of  business income;

gains from the sale  of immovable property are taxed at13% under conditions;

gains derived from  shares in Russian companies held for a period longer than 5 years are exempt  (under conditions)

Unilateral double taxation relief

no

Social security contributions

social insurance  contribution maximum 30% of an employee’s salary depending on the thresholds  of the employee’s annual income

2. Non-resident individuals

Income tax rates

30% flat rate

Capital gains on sale of shares in resident  companies

30% on gains from  the disposal of shares and other securities, if the alienation takes place in  Russia

Capital gains on sale of immovable property

30%

Withholding tax rates

Employment income

30%

Dividends

15%

Interest

30%;

0% (certain public bonds and  bank deposits)

Royalties

30%

Fees (technical)

30%, if activity takes place in  Russia;

13% for highly skilled  professionals

Fees (directors)

30%

C. Indirect  taxation: Value added tax (VAT)/Goods and services tax (GST)

Taxable events

supplies of goods and services

VAT/GST (standard)

18%

VAT/GST (reduced)

0%, 10%

VAT/GST (increased)

no

Registration/deregistration threshold

no

VAT group

no

D. Other taxes

 

Inheritance and gift taxes

no, but income tax may be  imposed

Net wealth tax (individual)

no

Net wealth tax (corporate)

no

Real estate taxes

no, real estate  (excluding land) may be subject to the corporate property tax; land may be  subject to the land tax

Capital duty

no, but state tax may apply

Transfer tax

no

Stamp duty

no

Excise duties

yes

Other main taxes

no

E. General information

Sources of tax law

Tax Code

Main types of business entities

public joint-stock companies  (PAO);

non-public joint-stock  companies (NPAO);

limited liability companies  (OOO);

general partnerships;

limited partnerships

Accounting principles

Russian accounting standards

Currency

Russian rouble (RUB)

Foreign exchange control

yes

Official websites

Governmenthttp://government.ru/en/

Ministry of  Finance:  http://old.minfin.ru/en/

Federal Tax  Service:  http://www.nalog.ru/eng/1.html

 

Citation:Russia- Key Features IBFD.


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