Contents / tax agents

Tax calculation by tax agents

The tax must be calculated and transferred to the budget by:

• tax agent
• taxpayer in individual cases

Obligations of tax agents:

Tax agents are Russian organisation, individual entrepreneurs and permanent representations of foreign organisations in the RF being the source of taxable income for the taxpayer

Tax agents must duly calculate, withhold and transfer the personal income tax (except for income paid to individual entrepreneurs and income derived by natural persons from sale of property owned by him)

Calculation of the tax amount is effected on a monthly basis by progressive total from the beginning of the year with respect to all calculated income taxable at 13% rate with deduction of the tax amount which was withhold during preceding months. The income taxed at other rates is subject to separate calculation by the tax agent for each amount of expenses derived.

A tax agent withholds tax at the expense of the employee's remuneration in cash. However, the amount withheld may not exceed 50% of remuneration paid

The calculated and withheld tax is transferred to the budget:

• not later after payroll funds are obtained from the bank
• not later than the next day after income was paid to the taxpayer (for income in cash paid from proceeds of the tax agent)
• not later than the next day after the tax amount was withheld (for income in kind or in the form of material benefit)