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THE MINISTRY OF FINANCE HAS AMENDED THE PROGRESSIVE PERSONAL INCOME TAX SCALE

The Ministry of Finance has submitted draft amendments to the second reading of the draft law on the progressive scale of personal income tax. As Finance Minister Anton Siluanov noted, the changes will reflect, among other things, the proposals of entrepreneurs and parliamentarians voiced during public discussions of the novel. According to Forbes, the government proposed ...

THE MINISTRY OF FINANCE WILL NOT EXEMPT DIVIDENDS ON IIS FROM PERSONAL INCOME TAX

The agency will not support the initiative to exempt dividends received on individual investment accounts (IIS) from personal income tax, said Deputy Finance Minister Ivan Chebeskov. Such a proposal was previously put forward by the head of the State Duma Committee on the financial market, Anatoly Aksakov. Aksakov believes that income from the sale of shares acquired ...

AN INCREASE IN PERSONAL INCOME TAX DUE TO A SALARY INCREASE DOES NOT AMOUNT TO A LOSS

... non-transfer of the debtor's documentation; - unjustified withdrawal of funds by the director from the debtor's accounts; - unjustified salary increase by the director to himself, the chief accountant and a number of other persons; - increase in the amount of personal income tax and insurance premiums in connection with an increase in wages and subsequent non-payment of mandatory payments. The courts of two instances rejected the arguments of the application in parts unrelated to the increase in personal income ...

Personal income tax proposed to be raised up to 50% for rich Russians

Personal income tax in the amount of a quarter of income may be introduced for Russians who have annual income of more than 10 million rubles. For those who show super-profits, taxation can reach 40-50%. Parliamentarian Mikhail Shchapov made such a ...

THE PROFESSIONAL COMMUNITY HAS FORMED PROPOSALS FOR TAX REFORM

... State Duma Committee on Budget and Taxes, as well as to the State Legal Department of the President of the Russian Federation. To learn more about the full list of offers, follow the link. Experts have proposed changes to the formation of both the personal income tax (personal income tax), and the simplified taxation system (USN), and income tax. In addition, participants in public discussions raised the problems of non-payment of taxes by sellers of marketplaces and business fragmentation. The ...

Increase in excise taxes and deductions for sports: new laws that will change the life of Russians from January 1

... and sports and recreation activities will be able to apply for a social tax deduction for payment of these services within 120 thousand rubles. From this or less amount, it will be possible to return 13%, thereby receiving back up to 15,600 rubles of personal income tax. From January 1, the changes should also affect such giants of the digital society as Google, Meta and Apple. The law that came into force obliges those foreign Internet companies, the audience of which exceeds half a million Russians,...

TAX BURDEN FOR HIGHLY-PAID EMPLOYEES MAY BE INCREASED

... taxation in five groups of taxpayers on the principle ‘earn more - pay more taxes’. The corresponding bill is currently being considered by the lower house of parliament. The Chamber of Commerce and Industry also noted that the transition to a rate of 15% personal income tax for annual income over 5 million rubles is not sufficient. Such an innovation has started working since the beginning of this year, it has been established that an increased tax of 15% instead of 13% is levied only on an amount exceeding ...

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