Russian lawmakers approved a new bill Thursday boosting taxes for those labelled foreign agents by the government.
The bill, which passed its third and final reading in the lower house of parliament, outlines an income tax rate of 30 per cent for individuals with the designation and takes away their right to government tax breaks.
Income tax for most residents ranges between 13 per cent and 22 per cent, depending on their earnings. The 30 per cent tax rate previously only applied to nonresidents who were working for foreign companies.
The bill also bars organisations labelled as foreign agents from applying for reduced corporate income tax rates.
Those who betrayed our country should not receive tax breaks, lawmaker Vyacheslav Volodin said in a social media post announcing the bill’s passage. They will pay higher taxes to the state budget.
The legislation must be approved by the upper house and then signed by President Vladimir Putin before it becomes law.
The changes are just on​Russian lawmakers approved a new bill Thursday boosting taxes for those labelled foreign agents by the government.
The bill, which passed its third and final reading in the lower house of parliament, outlines an income tax rate of 30 per cent for individuals with the designation and takes away their right to government tax breaks.
Income tax for most residents ranges between 13 per cent and 22 per cent, depending on their earnings. The 30 per cent tax rate previously only applied to nonresidents who were working for foreign companies.
The bill also bars organisations labelled as foreign agents from applying for reduced corporate income tax rates.
Those who betrayed our country should not receive tax breaks, lawmaker Vyacheslav Volodin said in a social media post announcing the bill’s passage. They will pay higher taxes to the state budget.
The legislation must be approved by the upper house and then signed by President Vladimir Putin before it becomes law.
The changes are just on ​Latest News [ SOBAN NEWS: International and National ]
