Some types of business activity are exempted from corporate profit tax, e.g. companies -residents of special economic zones.
As well, there are some types of income with different rates of corporate profit tax. Thus,
- for income received by foreign legal entities from Russian legal entities in the form of dividends is set as 15%.
- Dividends received by Russian legal entities from Russian or foreign legal entities are taxable at 13% (in case if they have less than 50% of shares and they own a legal entity less than 365 days).
Income of foreign legal entities from international freight and the rental of property
involved in international shipping, and income from leasing and subleasing ships and aircrafts is taxable at 10%.
Corporate income tax is payable on a year-to-date basis. Companies may choose between paying monthly on the basis of actual profits or quarterly with monthly advance payments calculated on the basis of the profits received in the previous quarter.