| Generous tax system |
| With a personal income tax rate of 13% for residents, corporate tax rate of 24%, and VAT rate of 18%, Russia has one of the most generous non-offshore tax regimes in the world, aimed at promoting investment and further developing the economy. In addition, the capital gains tax is currently scheduled to go to 0% in 2010, and reorganization for companies is tax-neutral according to the Russian Tax Code. |