Information about Russia Minimum wage and taxes.

Information about minimum wages and taxes in Russia is as follows:

1. Minimum Wage: In Russia, the minimum wage is calculated based on a determined amount every year. As of 2021, the minimum wage is set at 12,792 Rubles per month. Minimum wage represents the lowest amount of wages that must be provided to employees.

2. Tax Rates: Tax rates in Russia vary depending on income level. Individual income tax rates can be grouped as follows: - Income Tax Rates: Individual income tax rates in Russia vary depending on income level. As of 2021, income tax rates are as follows: - 13%: In cases where income is less than 5 million rubles - 15%: Where the income is between 5 million rubles and 15 million rubles - 30%: In cases where income is more than 15 million rubles - Value Added Tax (VAT): Another important tax collected on consumption in Russia is Value Added Tax. As of 2021, the standard VAT rate is 20%. However, lower rates may apply for some products and services. - Corporate Tax: The corporate tax rate in Russia is a flat rate of 20%. This tax is paid on the profits made by companies. - Other Taxes: Other taxes in Russia include taxes such as property tax, vehicle tax, and insurance premiums. Tax declarations and payments are generally made annually and within a certain date range. Additionally, tax rates and tax regulations may change from time to time, so it is important to obtain up-to-date information from official tax authorities or financial advisors.