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Russia Gazettes Decree Establishing Single Maximum Base for Calculating 2023 Insurance Contributions

Dec. 6, 2022, 5:00 AM

The Russian Official Gazette Nov. 26 published Decree No. 2143, establishing the single maximum base for calculating insurance contributions for 2023. The decree includes a measure setting the measurement as 12 times the average wage multiplied by a coefficient of 2.3, not to exceed 1,917,000 Russian rubles (US$30,696) per individual on an accrual basis, from Jan. 1, 2023. The decree generally enters into force Jan. 1, 2023. [Russia, Government Legal Database, 11/26/22]

Reference: View Index. View Decree No. 2143 of 11/26/22, Official Gazette No. 0001202211260009. View Decree No. 2143 of 11/26/22.