Russian President Vladimir Putin signed the federal law "On Amendments to Parts One and Two of the Tax Code of the Russian Federation, Certain Legislative Acts of the Russian Federation and the Invalidation of Certain Provisions of Legislative Acts of the Russian Federation." The relevant document is posted on the legal information portal.
In accordance with the law, the income tax rate will be increased to 25%. The tax conditions for preferential treatment will be maintained.
A five-step progressive scale of taxation on personal income (personal income tax) is being established. Incomes of individuals up to 2.4 million rubles will be taxed at a rate of 13%, from 2.4 to 5 million rubles – 15%, from 5 to 20 million rubles – 18%, from 20 to 50 million rubles – 20%, over 50 million rubles – 22%.
The threshold of the simplified taxation system for small and medium–sized businesses should increase to income of 450 million rubles per year and fixed assets - up to 200 million rubles.
Taxpayers with incomes above 60 million rubles will be required to pay VAT. They will be able to choose the tax regime for a smoother transition to the new system.
The concept of "business fragmentation" is introduced into the legislation. An amnesty is provided for payers who are ready to start working "in white" and abandon the fragmentation of business from 2025.
The resort fee is converted into a tourist tax. This will be a local tax, municipalities will independently determine the need for its introduction and the size of the rates. The tax rate will increase gradually, starting from 1% of the cost of living in 2025 and adding 1 percentage point per year until 2029.
