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The limit of non-taxable income of Russians may be increased

A bill drafted to increase the limit of non-taxable income of citizens will soon be submitted to the lower House of Parliament. At the moment, the limit is 4 thousand rubles, it but was proposed to ‘raise’ it to 10 thousand. The authors of the initiative believe that the measure will have a beneficial effect on the financial situation of low-income citizens. Among them, there are students, disabled people and pensioners. The proposed changes will be made to the Article 217 of the Tax Code of the Russian Federation. What is more, the explanatory note to the document says that the previous threshold of non-taxable income of individuals was established more than 15 years ago, reports Izvestia. Inflation reached 200% over this period,...

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