The following forms of income are exempt from income tax:

  • Income from the sale of real estate and other assets that have been held for at least 3 years, 5 years when bought after January 1, 2016.
  • Income from interest that is received by an individual on deposits with a Russian bank, subject to certain conditions.
  • Severance pay.
  • Receipts from a pension and benefits from insurance plans.
  • Scholarships.

Tax Relief in Russia

  • All forms of tax relief in Russia refer to the income of an individual.
  • Most relief is given in the form of a deduction from taxable income.
  • The following amounts are subject to the definitions in law.




Individual Relief Amount - RUR
Contributions to recognized institutions
Education for children- up to RUB 50,000 per child.		 Up to 25% of taxable income.
Dependent family members. RUB 1,400 per month for first or second child.
Employer's contribution to a pension fund. Exempt from tax up to an annual limit.
Medical expenses. Allowable to a limit of RUR 50,000 a year.
Real estate purchase/mortgage interest.
Interest- up tp RUB 3 million.		 Deduction of up to RUR 2 million. (once in a lifetime).




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