news.bloombergtax.com (05.05.2020) The Russian Federal Tax Service April 20 announced reduced insurance contribution rates for small and medium-sized enterprises (SMEs), effective April 1. The announcement includes information on: 1) a reduction in the social insurance rate to 15 percent for salaries exceeding the current monthly minimum wage of 12,130 rubles (US$160), applicable to accrued payments exceeding the minimum wage threshold; 2) a 10 percent compulsory pension insurance rate; 3) a 5 percent compulsory health insurance rate; and 4) a 0 percent compulsory social insurance rate for temporary disability or related to maternity.