Azores or Russia: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Azores and Russia weigh about the same on the taxpayer.

Tax Azores Russia Gap
Corporate income tax headline rate 14% 25% −11.0 points
Personal income tax top bracket 0% to 36.2% 13% to 22% +14.2 points
VAT standard rate 18% 20% −2.0 points

Detailed schedules

Corporate income tax

Azores

General regional regime 14%
SMEs: first 50,000 euros of profit 11.9%

Russia

General rate from January 1, 2025 25%
IT companies until 2030 5%
Radio electronics until 2027 8%

Personal income tax

Azores

n/a

Russia

Up to 2.4 M RUB 13%
2.4 to 5 M RUB 15%
5 to 20 M RUB 18%
20 to 50 M RUB 20%
Over 50 M RUB 22%
See the Azores page See the Russia page