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. Last Updated: 07/27/2016

30% Profit Tax Plan

MOSCOW -- Profit tax is likely to be fixed at 30 percent, First Deputy Finance Minister Sergei Shatalov said Tuesday.

He did not rule out, however, that the rate may be lifted to 35 percent depending on the inclusion of expenses in cal.

Shatalov said the Finance Ministry had considered setting the tax rate on salaries at 35 percent to 36 percent. It would be reasonable to fix profit tax at a similar level.