Viktoria Latysheva

By comparison, in Russia the individual income tax rate remained at 13% with the recent introduction of a progressive scale that increases it to 15%. And if your employees work remotely for a Russian company and are tax residents of other countries, the rate is 30%.

If an individual has been residing in Cyprus for more than 183 days, he/she automatically becomes a tax resident in Cyprus and, therefore, is obliged to report his/her income and pay taxes in Cyprus.