The bill was proposed by the Ministry of Finance of Russia.
Today, State Duma deputies have encouraged the draft law on expanding the progressive scale of personal income tax in the first reading, the correspondent of The Moscow Post reports.
It is noted that the rate will be from 13 to 22 percent, depending on income.
In addition, the first reading approved an increase in income tax of organizations up to 25%.
Under the bill, the rate of income from 2.4 million to 5 million rubles. per year will be increased to 15%, from 5 million to 20 million – 18%, from 20 million to 50 million – 20%, more than 50 million – 22%. For citizens with an income of less than 2.4 million rubles. per year (about 200 thousand rubles per month), the personal income tax rate will remain at 13%.
In addition to increasing the income tax rate from 20 to 25%, the initiative also provides for the abolition of current fees, including export duties.
The Ministry of Finance claims that this measure will allow compensating for losses from increasing tax rate. Also, within the framework of the proposed changes, a federal investment deduction will be introduced, which will allow investors to get a discount of up to 5 percentage points. From the federal part of income tax.