Part of income may be excluded from the calculation base for increased personal income tax

Part of income may be excluded from the calculation base for increased personal income tax

Part of income may be excluded from the base for calculating the increased personal income tax

Part of the income of citizens can be excluded from the base for calculating the increased personal income tax, which from next year will be taxed on earnings over 5 million rubles.

The bill on progressive personal income tax – the rate of 15% instead of 13% – for incomes over 5 million rubles. a year approved by the government and submitted to the State Duma last week.

“Let's return to the issue that we considered at the last meeting. We are talking about the President's instruction to change the personal income tax rate from 13% to 15% for those who earn more than 5 million rubles a year. This rate is not proposed to tax all income, but only the part that exceeds 5 million rubles. This money will go to the treatment of children with severe rare diseases, “- said Prime Minister Mikhail Mishustin, opening a government meeting on Wednesday.

“The government has prepared a bill that has been submitted to the State Duma. We managed to provide for a mechanism that is as easy as possible for people. There will be no need to run around and collect certificates if they receive income from more than one source – all this work will be done by the tax service, and will send a notification at the end of the year. about the need to pay such a tax. Not all funds will go to the budget next year, some of them will come only in 2022, but money for the treatment of children with rare diseases should be already in 2021, and we have reserved them in the draft budget, ” Mishustin noted.

At the same time, he recalled that the president at the same time instructed and to determine the types of income to which the increased tax rate applies. “It is impossible to apply the norms of the current law to the new tax in a purely mechanical manner. It is important to clarify which types of income really need to be left in the bill and which ones should be excluded,” the prime minister said.

“I believe that this issue should be discussed publicly. Therefore, I ask the Finance Ministry, together with the parliament and the regions, to further discuss these issues in order to determine the base for the tax at a 15% rate,” he concluded.

Leave a Reply

Your email address will not be published. Required fields are marked *