taxes&contributions

What taxes do Russian companies pay?

Taxes & Contributions.

Taxes:

  • Profit tax (Federal part) – 3%;
  • Profit tax (Regional part) – 17%;
  • Value Added Tax – 20%;
  • Property tax – 2,2%;
  • Land tax – 1,5 %.

These taxes are paid every three months during the calendar year.

Tax regimes may also include incentives such as tax holidays or other exemptions.

Also, 13% the Employer calculates an income tax from the salary of an employee, who pays this tax to Federal Tax Services.

This tax is paid every month.

Contributions (Social tax) – 30,2%:

  • 22% – the contribution is paid to the Pension Fund so that the employee can receive a pension in the future.
  • 5,1% – the contribution is paid to the Medical Insurance Fund so that the employee can receive the free medical services from state medical organizations.
  • 2,9% – the contribution is paid to the Social Insurance Fund so that the employee’s usual sick days, pregnant sick days, days of childbirth can be pay by this Fund.
  • 0,2% (minimum value) – the contribution is paid to the Social Insurance Fund so that the employee will be able to receive an insurance premium, if he has a life threatening or a work accident.
    These contributions are paid every month.

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