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The size of tax deduction in Russia may be increased by 2.4 times

Deputies of the State Duma came up with an initiative to change the size of the tax deduction. According to the parliamentarians, it needs to be increased, since the cost of education and treatment is growing, while the established deduction limit still remains at the level of 120 thousand rubles. The idea has already been formalized into a draft law and sent to the chairman of the State Duma ...

THE LAWS OF 2021: WHAT CHANGES WILL COME INTO FORCE ON JANUARY 1

... on personal income will be introduced in Russia. Now 15% of personal income tax instead of 13% will be introduced for citizens whose annual income exceeds the limit of 5 million rubles (about 416 thousand rubles per month). It is important that the increased personal income tax will have to be paid from the difference between the annual income limit and individual income; only regular payments (salaries and dividends) will be taken into account in the calculation. New tax on deposits In addition ...

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