- There is an Income Tax Convention signed in 1994 between USA and Russia.
- There is no a Totalization Agreement signed between USA and Russia.
- Russian Individual Tax Rate is 13%. It is a flat tax rate.
- Individuals do not pay Social Security Tax in Russia.
- Normally nonresidents and foreigners are taxed heavily in Russia.
- The resident status might be obtained after being physically present in Russia for over 183 days during 12 consecutive months.
- There are different entities can be registered in Russia (ЗАО, OAO, OOO, ЧП (expired), ИП and etc). Corporations and companies pay income tax based on progressive tax rate.
- Упрощенная система налогообложения is a good strategy for small businesses/freelancers/contractors. This system allows to pay only one Russian tax called “единый налог”. It is a flat business tax on income. Nonresidents might not be allowed to use this tax system.
- US citizens and US residents must report worldwide income on the US Individual Tax Return including the income that is subject to taxes in Russia.
- Foreign Earned Income Exclusion (FEIE) and Foreign Tax Credit (FTC) are available to eliminate or decrease the US Federal Tax Liability. You might still be liable to state income tax.
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If you are a business owner, contractor or freelancer who works for himself/herself in Russia, you can exclude Russian income and avoid or minimize your US federal Income tax. However, you still pay the US self-employment tax on your net income (assuming that you are a Sole Proprietor – Schedule C filler).