Russia Prepares Transitional Tax Regime for the Self-Employed
Russia Prepares Transitional Tax Regime for the Self-Employed The Federal Tax Service has announced a unified transitional regime that gradually increases the tax burden as income grows. Over 17 million self-employed currently pay 4% on income from individuals and 6% from companies, with the 2.4 million ruble limit unchanged since 2019. The self-employed pay a percentage of total revenue, not net profit: the law does not allow deducting expenses for fuel, rent, or materials. Thus, even a moderate rate hike will reduce real incomes for those working without paid vacation or sick leave. The Federation Council previously proposed moving drivers and couriers to a 13% personal income tax, which would raise payments on 100,000 rubles from 4,000 to 13,000. The parameters of the new regime are still under discussion. #Russia #Taxes The main news of Russia and the world is here.