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Russia is introducing the largest tax hike in its history

by alex

The changes should be adopted this summer, they will come into force on January 1, 2025.

The Russian State Duma approved the second reading, the largest tax increase in the history of this country.

Economic Pravda reports this with reference to The Moscow Times.

According to sources, the draft introduces a five-stage progressive scale of personal income tax.

According to the plans of the State Duma, over the next 6 years, 16.8 trillion rubles will be taken from Russians and businesses. 5.2 trillion rubles).

As part of the amendments to the Tax Code, a progressive personal income tax scale will be introduced in the Russian Federation from 2025, which will affect citizens earning more than 200 thousand rubles per month,” the message says.

It is reported that more than 11 trillion. Businesses will additionally pay rubles to the treasury over the next 6 years. From 2025, the income tax rate in Russia will increase from 20 to 25%.

Recall that it was previously reported that the State Duma in Russia wants to “cancel” the transfer of Crimea to Ukraine in 1954. The Ministry of Foreign Affairs provided an answer regarding this desire.

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