Personal Income Tax

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Our English speaking consultants are ready to advise on Russian and international Personal income tax matters
Individuals who are defined as “Russian tax residents,” i.e. those who have been in the country for 183 days or more during any 12 consecutive months, are subject to individual income tax on all their income, both income earned in Russia and income earned elsewhere. Individuals who do not meet this criterion are subject to tax on any income received from Russian sources

For whom is Personal Income Tax applicable?

Tax rates

The applicable tax rates depend on the income source and personal situation of the individual. The most common tax rates are:
  • A 13% tax rate is applicable for yearly income up to 5.000.000 RUB received by Russian tax residents
  • A 35% tax rate is applicable to interest on bank deposits exceeding established limits, as well as deemed income from a beneficial loan
  • A 15% tax rate is applicable for yearly income over 5.000.000 RUB received by Russian tax residents
  • A 30% tax rate is applicable to Russian-source income received by non-residents
  • Foreign nationals who have not yet obtained Russian tax resident status but are recognised as highly qualified foreign specialists for the purposes of Russian employment legislation are taxed at 13/15% on their Russian salary

What is included in LowLands Accounting Services support?

  • Advise on Russian and international personal income tax matters;
  • Prepare and assist with the filing of personal income tax returns in Russia;
  • Assist in communications with the Russian tax authorities;
  • Facilitate the acquiring of documents requested by foreign tax authorities for double tax treaty provisions application purposes;
Our English speaking specialists are ready to:
  • Assist with remitting the tax payments in Russia;
  • Prepare reports on foreign accounts of Russian currency residents for currency control purposes.
The price depends on your personal situation. Please, contact us directly to receive a personalised commercial offer

Cost of Personal Income Tax support by LowLands Accounting Services

Why choose LowLands Accounting Services as your reliable partner?

We helped >1000 foreign companies in Russia
Internationally oriented
From registering entity in Russia to outsourcing of local accounting and payroll
Full support
Our professional English-speaking colleagues are ready to help you
We speak English
Take advantage of legal, logistics, recruitment services via our trusted partners
Accounting and more

Advantages of working with us

As your Russian business moves through different growth stages, support needs change over time. We're ready to go along with you and support as needed, not limiting ourselves to just the static terms of an agreement.
Our consultants provide support in many different day-to-day operations for clients in different industries. We are always ready to share our experience and act pro-actively, offering you support beyond just an accounting solution.
Broad knowledge base
You receive reporting solutions that deliver information in your preffered formats while being compliant with all Russian accounting standards and keeping a full reconciliation between both reporting standards.

If you want to know more about Russian regulation on Personal Income Tax or have your returns taken care of by LowLands Accounting Services, please contact us