Russian President Vladimir Putin, today signed an amendment to the Russian tax law that raises to 30% the income taxes for people declared foreign agents, more than double that of other citizens.
The corresponding document was published this Friday on the official information portal of the Russian State.
The usual tax rate for Russians is 13% for income not exceeding 2.4 million rubles ($31,000) annually, and 15% for income exceeding this figure.
You can also read: Tensions with China endanger the lucrative ‘panda diplomacy’ for Japan
Tax rates increase progressively depending on earnings up to 22% for income exceeding 50 million rubles (more than $645,000 annually).
The law on foreign agents, initially approved in 2012, has become stricter in the last twelve years with impositions such as the registration of this status or the obligation to include information about this condition in all publications.
Furthermore, it prohibits them from participating in elections and state purchases, receiving state aid, or even signing contracts with the Armed Forces.
Currently, the Ministry of Justice has included more than 200 individuals and over fifty organizations on the list of foreign agents.
