Taxes on Income, Profits and Capital Gains (Local Currency) fell 172% to RUB -351 bil in Russia in 2016

Taxes on Income, Profits and Capital Gains (Local Currency) (RUB bil)
Economy | Russia | February 1, 2019
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Taxes on income, profits and capital gains reached -351 RUB bil in 2016 in Russia, according to the National Statistical Office. This is 172 % less than in the previous year.

Historically, taxes on income, profits and capital gains in Russia reached an all time high of 663 RUB bil in 2008 and an all time low of -351 RUB bil in 2016. When compared to Russia's main peers, taxes on income, profits and capital gains in China amounted to 2,477 CNY bil, 156 EUR bil in Germany, 31,216 JPY bil in Japan and 1,897 UYU bil in USA in 2016.

Russia has been ranked 109th within the group of 109 countries we follow in terms of taxes on income, profits and capital gains, 90 places behind the position seen 10 years ago.

Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realised or not, on land, securities, and other assets.

Taxes on Income, Profits and Capital Gains (Local Currency) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Austria EUR bil 36.2 38.2 40.0 41.8 44.9
Belgium EUR bil 54.7 57.9 60.9 62.7 58.6
Canada CAD bil 162 165 172 184 192
China CNY bil 1,366 1,558 1,836 2,024 2,281 ...
France EUR bil 217 234 246 247 251
Germany EUR bil 118 127 133 139 146
India INR bil 4,378 5,631 6,604 ... ... ... ...
Japan JPY bil 24,898 26,680 30,158 31,770 32,009
Mexico MXN bil 773 803 957 979 1,227
Poland PLN bil 63.1 67.4 64.5 66.8 71.4
Russia RUB bil 305 361 337 408 486
South Korea KRW bil 87,161 94,326 94,338 99,139 108,950
USA UYU bil 1,370 1,458 1,619 1,764 1,881