Russia Clarifies Tax Treatment Rules for Expatriates who Qualify as Highly Skilled Specialists
The Russian Ministry of Finance has clarified that non-residents, including foreign directors of a Russian company, qualify as 'highly skilled specialists' under Russian Law.
- (1888PressRelease) August 28, 2013 - The Russian Ministry of Finance has clarified that non-residents, including foreign directors of a Russian company, qualify as 'highly skilled specialists' under Russian Law and will be subject to the lower tax rate of 13%, says Nair & Co.'s International Consulting Tax Team.
As per the Russian Tax Code, a foreign individual is subject to a tax rate of 30% on his/her income from Russia. However, if the expatriate qualifies as highly skilled specialist, then an income tax rate of 13% will be applicable.
As per the Russian Law, "highly skilled specialist" refers to an expatriate having specific work experience, expertise or achievements in a particular area of activity and whose pay is more than RUB 2 million in a year for work performed in Russia (under a labour or commercial contract).
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