Russia's businessmen would like President Vladimir Putin to cut taxes for foreign citizens and firms in order to improve the investment climate, news agency TASS reported, citing a report presented to Putin on Tuesday by business ombudsman Boris Titov. Under Russian law, foreigners living in Russia must pay a 30 percent flat income tax compared to the 13 percent that Russian citizens or residents pay. Foreigners also pay a higher rate of tax on income from dividends — 15 percent compared to 13 percent rate for Russians, according to the agency. The report also proposed lowering barriers that make it difficult to attract foreign citizens and companies. Among these proposals, the report suggested abolishing a law that requires foreigners to pass a test on Russian language, history and legislation in order to receive certain types of visas, TASS reported.
INC News, 26/05/2015 - via RT
