Taxation Regime

Russia offers several taxation regimes. Choosing suitable one depends on a kind of your business. Startups often go ahead on either «Common Taxation Regime» or «Simplified taxation Regime». «Common» means that VAT, profit tax and some other taxes are applicable. Your business expenses need to be carefully documented and accounted for. «Simplified» means single tax (no VAT or Profit tax) plus income and social taxes of your employees. Not all companies are eligible for «Simplified Regime», also the regime doesn’t suit all businesses.