ARTICLE
16 October 1996

Personal Income Tax / Proposed Rates for 1997

P
PricewaterhouseCoopers

Contributor

PricewaterhouseCoopers
Russian Federation
Tax News Reporter - Week ended 15 October 1996

A draft law which would increase the tax burden for higher incomes has not been approved by the State Duma. It was proposed that two additional rates be introduced: income exceeding 60 million Roubles would be taxed at a rate of 40%, and the income exceeding 100 million Roubles would be taxed at 50%.

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