New Russian tax code legislation changes expat obligations

Pres. Vladimir PutinClick here to enlarge imageRadical changes to the Russian Tax Code, put into place by Pres. Vladimir Putin last August, will soon alter the way in which expatriate workers are taxed within the Russian Federation.The principle changes include a much lower, flat rate of tax for residents; and a higher tax rate with a broadened liability for nonresidents, who will now be taxed on income attributable to Russian activities, regardless of whether or not payment is made from a source (i.e., a bank account) in Russia.Oil and gas companies and the service and supply companies that work for them-which together account for one of the largest expatriate worker populations in Rus...

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