Russia Tax Agency Explains Tax Benefits for Housing Rental Income Under Professional Income Tax Regime

The Russian Federal Tax Service Feb. 10 explained tax benefits for housing rental income under the professional income tax regime. The tax agency explained that: 1) a 4 percent tax rate applies to income from renting houses to individuals; 2) a 6 percent tax rate applies to income from renting houses to companies; 3) a 10,000 Russian ruble (US$132) tax deduction is available; 4) no income taxes are imposed if taxpayers don’t earn income in a tax period; and 5) taxpayers aren’t required to report their taxes under the regime. [Russia, Federal Tax Service, 02/10/22]

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