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Personal Income Tax has been Increased for Employees with High Salaries
25.11.2020 21:02
Personal Income Tax has been Increased for Employees with High Salaries

In Russia, the personal income tax has been increased for employees with high salaries.

      Russian President Vladimir Putin has signed a law to increase the personal income tax rate for Russians with high wages, the official website of the State Duma reports. The increase in personal income tax will apply to citizens whose annual income exceeds five million rubles. All incomes up to five million rubles will be subject to the usual rate of 13%; income above this amount will be subject to a 15% rate.   "The funds received from such an increase will be directed to the treatment of children with severe and rare diseases."
Viacheslav Volodin, the Chairman of the State Duma,  said.

Author: Anna Dorozhkina

Tags: Russian laws Russian taxes    

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