Implementing the proposed measure would have undercut the budget, a senior official assessed Russia’s Finance Ministry concluded that a proposed hike of the personal income tax for those working remotely from other countries would not have helped the national budget, a senior official has said, explaining why the idea was abandoned. The ministry considered increasing the tax rate for employees of Russian businesses who are residing in a foreign jurisdiction from the current 13-15% to 30%. In April, it introduced draft legislation in the State Duma, Russia’s parliament, to enact the change but swiftly recalled it.
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