Russia - real estate tax guide
September 13th, 2007 by lana
Corporate income tax
The standard rate of corporate income tax (CIT) in Russia is 24%. Regional Governments have the authority to reduce their portion of the tax by up to 4%, thus potentially reducing the effective tax rate to 20% depending on the location of the business.
Resident companies and non-resident companies which trade in Russia through a permanent establishment, or that otherwise receive income from Russian sources, are subject to CIT. Rental payments made to non-resident companies without a presence in Russia are subject to 20% withholding tax. ( for more info click here)
- Posted in Europe real estate purchase, Europe Law & Taxes, Russia