https://en.sputniknews.africa/20240531/which-countries-use-progressive-tax-rates-1066814555.html
Which Countries Use Progressive Tax Rates?
Which Countries Use Progressive Tax Rates?
Sputnik Africa
On Tuesday, Russian Finance Ministry proposed a 4-stage progression on personal income tax with a gradual increase in the rate from 13% to 22%. 31.05.2024, Sputnik Africa
2024-05-31T12:35+0200
2024-05-31T12:35+0200
2024-05-31T13:01+0200
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The Russian Ministry of Finance has prepared draft amendments to create a fair and balanced system of progressive tax rates, which should start operating as early as January 1, 2025. The tax changes may be adopted by the country's house of parliament, the State Duma, in the spring session.The ministry highlighted that even with a progressive personal income tax scale, Russia's tax system will remain competitive, which will help to avoid a brain drain to neighboring countries.Check out Sputnik Africa's infographic to find out which countries use progressive tax rates.
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russia, economy, finance, taxes, international, инфографика
Which Countries Use Progressive Tax Rates?
12:35 31.05.2024 (Updated: 13:01 31.05.2024) On Tuesday, Russian Finance Ministry proposed a 4-stage progression on personal income tax with a gradual increase in the rate from 13% to 22%.
The Russian Ministry of Finance has prepared draft amendments to create a fair and
balanced system of progressive tax rates, which should start operating as early as January 1, 2025. The tax changes may be adopted by the country's house of parliament, the State Duma, in the spring session.
The ministry highlighted that even with a progressive personal income tax scale, Russia's tax system will remain competitive, which will help to avoid a brain drain to neighboring countries.
Check out Sputnik Africa's infographic to find out which countries use progressive tax rates.
