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Fundamental changes expected to Personal Taxation

Fundamental changes expected to Personal Taxation

The Government has introduced in the State Duma a draft federal budget for 2020-2022 along with the MATP (the Main Areas of Budgeting, Tax, Customs and Tariff Policy up to 2022).

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The Government has introduced in the State Duma a draft federal budget for 2020-2022 along with the MATP (the Main Areas of Budgeting, Tax, Customs and Tariff Policy up to 2022). According to this document, as we approach 2022 we can expect changes to tax residency rules for individuals and a reduction in the personal income tax (PIT) rate from 30% to 13% for individuals who are not tax residents of the Russian Federation. For details, please see the print version in pdf on the right.

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