Russia

Currency
Russian ruble (RUB)
Payroll Frequency
Bi-monthly
Employer Taxes
30.02%

About 

Russian Federation

Russia, the world's largest country, stretches over eastern Europe and northern Asia. The Russian Federation was formed in 1991, after the dissolution of the Soviet Union.

Overview

Population
146,171,015
Language
Russian
Capital
Moscow
Currency
Russian ruble (RUB)
Country code
+7
Min wage
12,792 RUB at federal level (some regional variations)
Working hours
8 hours per day
Weekdays
Mondays to Fridays
Work hours per week
40 hours per week

Payroll

Cycle
  • The payroll cycle occurs bi-monthly
Avg employer tax

30.02%

Taxation

Tax breakdown - Employer
  • State Pension Fund: 22.0% up to wages of RUB 1,465,000 /year (maximum rate). 10% for any amount over it.
  • 22.0% up to wages of 1,465,000 RUB per year (Maximum rate) 10% for any amount over maximum
  • Social Insurance Fund: 2.9% up to wages of 966,000 RUB per year (Maximum rate)
  • Medical Insurance Fund: 5.10%
  • Accident Insurance: 0.02% minimum rate (dependent on the degree of professional risk that the employer’s activity entails)
VAT
  • 20%

Holidays / PTO

Public holidays in 2024
  • 1 - 10 January: New Year Holidays
  • 7 January: Christmas, Russian Orthodox
  • 23 February: Defender of Motherland Day
  • 8 March: International Women’s Day
  • 1 May: Spring and Labor Day
  • 9 May: Victory Day
  • 12 June: Day of Russia
  • 4 November: Day of National Unity
Sick days
  • The employer pays sick leave allowance for the first three days and the Social Insurance Fund from the fourth day.
  • The amount of sick leave allowance depends on the length of service.
  • However, it is not more than 2,301 RUB per day.
Maternity leave
  • Maternity leave can be taken for up to 140 days.
  • Additional paid childcare leave can be taken until the child turns 18 months.
  • The Social Security Fund covers the allowance.
Paternity leave
  • New fathers in Russia are not guaranteed any paid paternity leave.
  • However, the Russian government does provide paid parental leave that can be used by either of the child's parents (mother or father).
  • This parental leave consists of 18 months of paid leave at 40% of the parent’s salary, up to a ceiling.

Termination

Termination Process

The following grounds can be used to terminate labor contracts:

  • Mutual agreement between the parties.
  • Expiry of the fixed-term contract.
  • At the employer's request - the reasons are limited by law (e.g. staff reduction or if an employee fails to perform his/her work duties or is absent without good reason).
  • All termination settlements must be completed during the employee's final working day.
Notice Period
  • When terminating because of probation period failure – three days' written notice is required.
  • When terminating because of probation period failure – three days' written notice is required.
  • If the employee requests termination of the employment agreement – two weeks' written notice is required.
  • Termination due to redundancy or liquidation – two months' written notice is required.
Severance Pay
  • If a company liquidates staff, the severance payment is one month's salary plus the average monthly earnings for a two-month period.
  • The Employment Fund can issue a letter to the employee granting them a month's salary if they fail to find a job within two months.
  • Two weeks' salary is paid if the termination occurs because the employee refuses to move to another position within the company, or because he/she is unable to work (additional reasons might apply).
Probation Period
  • The probation period for most employees lasts for three months.
  • Probation periods for directors, chief accountants, and their deputies can last up to six months.

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Tax Calculation

*
Thank you! Your submission has been received!
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RU
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Russia

Currency
Russian ruble (RUB)
Payroll Frequency
Bi-monthly
Employer Taxes
30.02%

About 

Russian Federation

Russia, the world's largest country, stretches over eastern Europe and northern Asia. The Russian Federation was formed in 1991, after the dissolution of the Soviet Union.

Overview

Population
146,171,015
Language
Russian
Capital
Moscow
Currency
Russian ruble (RUB)
Country code
+7
Min wage
12,792 RUB at federal level (some regional variations)
Working hours
8 hours per day
Weekdays
Mondays to Fridays
Work hours per week
40 hours per week

Payroll

Cycle
  • The payroll cycle occurs bi-monthly
Avg employer tax

30.02%

Taxation

Tax breakdown - Employer
  • State Pension Fund: 22.0% up to wages of RUB 1,465,000 /year (maximum rate). 10% for any amount over it.
  • 22.0% up to wages of 1,465,000 RUB per year (Maximum rate) 10% for any amount over maximum
  • Social Insurance Fund: 2.9% up to wages of 966,000 RUB per year (Maximum rate)
  • Medical Insurance Fund: 5.10%
  • Accident Insurance: 0.02% minimum rate (dependent on the degree of professional risk that the employer’s activity entails)
VAT
  • 20%

Holidays / PTO

Public holidays
  • 1 - 10 January: New Year Holidays
  • 7 January: Christmas, Russian Orthodox
  • 23 February: Defender of Motherland Day
  • 8 March: International Women’s Day
  • 1 May: Spring and Labor Day
  • 9 May: Victory Day
  • 12 June: Day of Russia
  • 4 November: Day of National Unity
Sick days
  • The employer pays sick leave allowance for the first three days and the Social Insurance Fund from the fourth day.
  • The amount of sick leave allowance depends on the length of service.
  • However, it is not more than 2,301 RUB per day.
Maternity leave
  • Maternity leave can be taken for up to 140 days.
  • Additional paid childcare leave can be taken until the child turns 18 months.
  • The Social Security Fund covers the allowance.
Paternity leave
  • New fathers in Russia are not guaranteed any paid paternity leave.
  • However, the Russian government does provide paid parental leave that can be used by either of the child's parents (mother or father).
  • This parental leave consists of 18 months of paid leave at 40% of the parent’s salary, up to a ceiling.

Termination

Termination Process

The following grounds can be used to terminate labor contracts:

  • Mutual agreement between the parties.
  • Expiry of the fixed-term contract.
  • At the employer's request - the reasons are limited by law (e.g. staff reduction or if an employee fails to perform his/her work duties or is absent without good reason).
  • All termination settlements must be completed during the employee's final working day.
Notice Period
  • When terminating because of probation period failure – three days' written notice is required.
  • When terminating because of probation period failure – three days' written notice is required.
  • If the employee requests termination of the employment agreement – two weeks' written notice is required.
  • Termination due to redundancy or liquidation – two months' written notice is required.
Severance Pay
  • If a company liquidates staff, the severance payment is one month's salary plus the average monthly earnings for a two-month period.
  • The Employment Fund can issue a letter to the employee granting them a month's salary if they fail to find a job within two months.
  • Two weeks' salary is paid if the termination occurs because the employee refuses to move to another position within the company, or because he/she is unable to work (additional reasons might apply).
Probation Period
  • The probation period for most employees lasts for three months.
  • Probation periods for directors, chief accountants, and their deputies can last up to six months.

Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
RU
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation