Important stories say that Putin’s proposed reforms will affect at least 20 million Russians.
The ruling regime of the Russian Federation is preparing the biggest tax increase for citizens in 20 years to finance the record costs for the war of occupation in Ukraine. In particular, after the presidential election in Russia they plan to increase the personal income tax (NDFL) to 20%, and the profit tax to 25%. The publication states this Important stories with reference to sources.
The reform proposed by Vladimir Putin will affect at least 20 million Russians and should provide additional income to the Russian budget in the amount of 2.5 trillion rubles per year.
As of 2020, Russia has already increased the personal income tax to 15%, but only for wealthy Russians with an income of more than 5 million rubles per year. Now such a tax will be extended to all Russians with an income of more than 1 million (or 83 thousand rubles per month). For those earning more than 5 million, the rate is even higher – 20%.
One of the interlocutors of the publication clarified that the corresponding changes in the Russian law can be made in the spring, after the re-election of Putin and the appointment of a new government, and in this case, the changes will come into force in the next year.
According to Rosstat, about 14% of the Russian population, or 20 million people, have an income of more than 1 million rubles per year. In total, this will allow us to collect 450 billion rubles for the Russian budget. Another 2 trillion rubles should be provided by increasing the income tax.
In his speech to the Federal Assembly on February 29, Putin announced tax reform. Shortly thereafter, Finance Minister Anton Siluanov said that the corresponding proposals were being prepared.
_________________
As we wrote earlier, according to media reports, the dependence of the Russian economy on military spending has reached such a level that it cannot win or lose the war.
Let’s add that inflation in Russia at the end of 2023 will reach 7.4%.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.