Personal income tax: rate of tax.

A flat rate of personal income tax of 13 per cent is established for the Russian residents. On dividends received residents pay tax at the rate of 9 per cent.

A higher rate of income tax rate of 35 per cent is imposed on the certain types of income, i.e.:

- interest on money deposited in banks where it exceeds the Central Bank Rate plus 5 per cent for rouble accounts and 9 per cent for foreign currency accounts;
- benefit derived from saving on interests when a loan is acquired at an interest rate lower than 2/3 of the Central Bank rate for rouble loans and 9 per cent for foreign currency loans;

Non-residents pay tax on the Russian-source income at the rate of 30 per cent.

 

 

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