Russia introduces tax for rich
Read on the website Vestnik KavkazaThe law on increasing the personal income tax rate (PIT) from 13% to 15% on income exceeding five million rubles a year was introduced in Russia.
Simultaneously, the tax rate of 13% will remain for individuals' income from the sale of the property and its shares, as well as income in the form of the value of property, received as a gift.
In addition, the rate will remain for taxable income that is received as insurance payments under insurance contracts and pension benefits.