We are talking about deducting long -term life insurance.
Russian President Vladimir Putin instructed the government and the Central Bank of the Russian Federation to develop and approve a law that will fix the right to a tax deduction for citizens investing in life insurance, the correspondent of The Moscow Post reports.
Such a decision was made following the results of the VTB investment forum “Russia is calling!”
In particular, the tax deduction will apply to the amounts paid under shared life insurance contracts.
Similar benefits are proposed to be introduced for long -term life insurance contracts, the official report is specified.
According to the instructions of the Head of State, amendments to the legislation must be prepared and adopted until July 15.
In December 2024, Putin made a proposal to work out a tax deduction mechanism for all family members as part of shared life insurance. The President noted that such a measure can become an effective tool for attracting investors to cooperation with state structures, stimulating the development of the insurance market and the economy as a whole.
