The Duma will consider the bill initiated by the Cabinet of Russia at the meeting on June 20.
The State Duma Committee on the budget and taxes recommended that the lower house of the parliament adopt in the first reading amendments to the Tax Code of Russia, namely, introducing a progressive scale for individual income tax, the correspondent of The Moscow Post is transferred with reference to the press service of the State Duma.
Citizens with annual income up to 2.4 million rubles will be taxed at a rate of 13%.
In terms of income from 2.4 million to 5 million, the tax will be 15%, from 5 million to 20 million – 18%, and over 50 million per year – 22%.
The tax will be charged only with the exceeding the corresponding thresholds. Participants in the special military operation to protect the Donbass are not affected by changes.
Tax rates on profit from deposits, securities, shares of participation, dividends and income from real estate sale are also clarified: income up to 2.4 million rubles are taxed at a rate of 13%, if this amount is exceeded, the rate will be 15% without progression.
It is planned that the changes will begin to operate on January 1, 2025.
