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What will be the impact of the new tax measures on Russia's GDP growth rate for 2024?
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Official GDP growth rate reports from the Russian government or international financial institutions
Story
Russia's Parliament Approves Sweeping Tax Hikes, Grants Rosneft Oil Project Tax Break
Jul 10, 2024, 07:30 AM
Russia's lower house of parliament has approved sweeping tax hikes in a final reading. The new measures, proposed by the finance ministry, include extra progressive income tax rates and increased corporation tax. The State Duma's press service announced that the bill, which aims to raise income tax rates for millions of better-off Russians, was unanimously supported by the deputies. Additionally, the Rosneft oil project was granted a tax break as part of the legislative changes.
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