Europe, Middle East and Africa Tax Facts 2012 - Crowe Horwath ...

RUSSIA
INCOME TAX RATES 2012
Individuals
40
Taxable Income (RUB) Tax Rate (%)
Residents on worldwide income 13
Non-residents on Russian-source income 30
Companies
Taxable Income Tax Rate (%)
Flat rate 20
VALUE ADDED TAX (VAT)
Standard rate – 18%, with a reduced rate of 10% and 0% applicable to certain
categories of goods.
CAPITAL GAINS TAX (CGT)
Capital gains are taxed at the ordinary income tax rates.
Individuals
Standard rate of 13% applied. Gains realised on sale of unquoted shares of Russian
companies and quoted shares in high-tech Russian companies, provided they are
acquired after January 1, 2011 and held for more than 5 years, are exempt. The sale of
other kinds of property by a Russian resident is exempt after holding period of 3 years.
Companies
Standard rate of 20% applied. Gains realised on sale of unquoted shares of Russian
companies and quoted shares in high-tech Russian companies, provided they are
acquired after January 1, 2011 and held for more than 5 years, are exempt.
LOSSES
Losses may be carried forward for 10 years.
TREATY NETWORK
77 countries.
WITHHOLDING TAX
Dividends: � 9% on dividends paid to Russian residents (tax base calculated as
dividends paid net of dividends received in the same tax period).
� 0% on dividends received by a Russian entity provided holding period is
at least 1 year and participation is not less than 50% in the share capital.
� 15% on dividends paid to non-residents (subject to reduced rates under
a tax treaty).
Interest: � 20% on interest paid to foreign entities (subject to reduced rates under a
tax treaty).
Royalties: � 20% on royalties paid to foreign entities (subject to reduced rates under a
tax treaty).
CONTACT:
Dmitry Telipenko
Tax Consulting Department Director
TelipenkoDM@rbsys.ru
Business Systems Development (RBS)
5/3 Sushchevsky Val
127018 Moscow
Russia
Tel: +7 495 967 6838 Fax: +7 495 967 6843
www.crowehorwath.net/ru
Europe, Middle East and Africa Tax Facts 2012
Last updated: May 2012