Russia introduces Crimean SME tax breaks

12/05/2014

Crimean SME tax breaks: Crimean SMEs working in the retail, catering and rental sectors with annual incomes of less than RUB12m are to benefit from a fixed rate of personal income tax of between RUB18k and RUB72k per annum. In the rest of Russia, the tax bill on an income of RUB12m currently works out at around RUB585k. rbc