Corporate income tax : levels of taxation.

The taxes of Russia are divided into three categories:

- federal taxes, imposed by the federal government and covering the whole territory of Russia;
- regional taxes, imposed by the governments of the Subjects of the Federation and enforceable within the territory of the region;
- municipal (or local) taxes, imposed by local authorities and enforceable within the territory of the municipality.

The heaviest tax burden is, of course, the imposition of federal taxes. Federal taxes are the basis of the federal budget and also contribute to regional and municipal budgets. Regional taxes are imposed through the laws of Subjects of the Federation and are capped by the Tax Code. Municipal taxes and duties usually constitute only a small part of the total tax burden and vary from region to region.

 

 

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