Russia To Introduce Low, Fixed Business Income Tax Rates To Encourage Russian Investors Back To Russia

Posted by

Russia’s Finance Ministry has proposed a fixed income tax rate for Russian shareholders of foreign companies in Russia. The amendments to the tax code would introduce a fixed tax rate of 5 million rubles per annum (US$64,600) per annum, without the need to file audited accounts. The rates will be applicable for five years.

The move is part of an on-going scheme to motivate Russian nationals to return to investing and holding capital and profits in Russia. This coincides with Russia amending its Double Tax Treaties with several favored tax havens including Cyprus and Malta  that reduce the tax free threshold in offshore jurisdictions for Russian nationals.

Related Reading


About Us

During these uncertain times, we must stress that our firm does not approve of the Ukraine conflict. We do not entertain business with sanctioned Russian companies or individuals. However, we are well aware of the new emerging supply chains, can advise on strategic analysis and new logistics corridors, and may assist in non-sanctioned areas. We can help, for example, Russian companies develop operations throughout Asia, including banking advisory services, and trade compliance issues, and have done since 1992.

We also provide financial and sanctions compliance services to foreign companies wishing to access Russia. Additionally, we offer market research and advisory services to foreign exporters interested in accessing Russia as the economy looks to replace Western-sourced products. For assistance, please email or visit