The Ministry of Finance voiced tax reform parameters: how much money the authorities will take from citizens and businesses

Russian ruble and coins with a face value of 10 kopecks

Dmitry Rogulin / ITAR-TASS

The Russian authorities have decided on the parameters of the tax reform, which was announced by Vladimir Putin. The Ministry of Finance of the Russian Federation introduced a package of amendments to the government, including the bill on amendments to the tax system. It will affect the main types of direct taxes, including tax income tax, companies income tax, as well as a tax on mining and a simplified taxation system. The most noticeable change is the proposal to introduce a five -speed progressive personal income tax scale: in particular, for those who earn more than 200 thousand rubles a month, the tax will increase to 15%, and citizens who make more than 4 million rubles per month will pay at a rate of 22%. It is assumed that the innovations will be accepted by the State Duma in the current spring session, which will last until August, and will enter into force on January 1, 2025. In total, Russians and business in the coming years will take almost 17 trillion rubles to the budget. The head of the Ministry of Finance Anton Siluanov said that the Russians allegedly wanted to increase taxes. Republic gives key reform parameters.

Five steps of personal income tax

The income tax of individuals (personal income tax) is calculated as a percentage of the total income of citizens. From 1992 to 2001, the progressive scale of personal income tax rates of personal income tax was already used in Russia, that is, the more the Russian annual income of the Russian was, the more he paid. The minimum rate was 12%, the maximum was 35%. Then the Government of the Russian Federation introduced a flat scale for personal income tax with a total rate of 13%. In 2021, at the initiative of the president, an element of progression again appeared in the personal income tax: for Russians with income of less than five million rubles a year (416.7 thousand rubles a month), the rate remained at the same level, and for the rest increased to 15% from the amount exceeding five million. Now the two current steps (13% and 15%) will come: five:

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