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The Ministry of Finance proposed extending the general progressive personal income tax scale to income from real estate sales. If the amendments are adopted, they could come into force on January 1, 2027.
The Ministry of Finance proposed that, starting in 2027, income from the sale of real estate be included in the general tax base and that the progressive personal income tax scale from 13% to 22% be applied to it. The benefit for selling housing after the minimum holding period will remain in place.
#budgetdeficit #minfin #taxondeposits #taxscale #personalincometax #saleofrealestate
Expanding the progressive personal income tax scale to passive income could bring Russia’s budget an additional 500–700 billion rubles a year, economist Dmitry Polevoy estimates. Currently, such income is taxed at 13–15%, and after the changes a scale from 13 to 22% may apply to it.
#DmitryPolevoy #minfin #taxesonpassiveincome #personalincometax #Russia
The Ministry of Economic Development has worsened its forecast for Russian industry: according to the updated estimate, output will fall by 0.2% this year instead of the 0.6% growth expected in May. If the forecast comes true, it will be the first decline since 2020.
#covid19 #IgorLipsits #minfin #MinistryofEconomicDevelopment #Russia #Rosstat
The Bank of Russia said that the presidential decree on restrictions on the export of cash rubles and gold from Russia will soon be tightened. The head of the Central Bank’s financial monitoring and currency control service, Bogdan Shablya, said at the International Banking Forum that the practice in this area needs to be further streamlined.
#eez #gold #minfin #cashrubles #FederalCustomsService #CentralBank
The Ministry of Finance is preparing amendments to tax legislation that will allow companies to account for expenses on protection against drones and the restoration of attacked facilities. The ministry expects to introduce them as early as this fall, Deputy Finance Minister Alexey Sazanov said.
#AntonSiluanov #business #uav #WarinUkraine #TheStateDuma #minfin #incometax #tech
Russia’s federal budget oil and gas revenues in August were the lowest since January, according to Finance Ministry data. For January–August 2026, they amounted to 5 trillion rubles.
The Ministry of Finance announced the initial budget parameters for 2026 and 2027-28, as well as changes in tax legislation that will help implement this budget. And this is a wartime budget.
#business #budget #WarinUkraine #state #minfin #Taxation #society #Russia #finance
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