On July 21, 2023, in its third reading, the State Duma has adopted a law that establishes the flat personal income tax rate for employees working remotely at home and abroad, regardless of the tax residence. The relevant changes were added to the Russian Tax Code.
The flat personal income tax rate is 13-15%. From 2024, the new introductions for employees working remotely at Russian companies will come into force. For freelancers – from 2025.
The flat personal income tax rate in the amount of 15% will concern those whose income is more than 5 million rubles for the year. For the payment of the tax it is necessary to observe at least one of the conditions:
The flat personal income tax rate is 13-15%. From 2024, the new introductions for employees working remotely at Russian companies will come into force. For freelancers – from 2025.
The flat personal income tax rate in the amount of 15% will concern those whose income is more than 5 million rubles for the year. For the payment of the tax it is necessary to observe at least one of the conditions:
- the recipient of the income must be a Russian tax resident, whose salary is transferred to an Russian bank account;
- the income is transferred by Russian companies, individual entrepreneurs or separate division of foreign companies in the Russian Federation.