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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 Finance Ministry submitted to the government a package of draft laws on the federal budget for 2027–2029 and amendments to the Tax Code. The agency proposed extending the personal income tax rate of up to 22% to Russians’ passive income and introducing new charges for online purchases from abroad.
#maternitycapital #MinistryofFinanceofRussia #TaxCode #VAT #personalincometax #federalbudget
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