The deputies will discuss a bill on increasing the maximum amount of social tax deduction on personal income (personal income tax) from 120 thousand to 360 thousand rubles. The corresponding initiative will be submitted to the lower house of government on August 3.
“We are submitting to the State Duma a bill that triples the maximum size of the social tax deduction – from the current 120 thousand to 360 thousand rubles,” one of the authors of the initiative, the head of the State Duma Committee on Labor, Social Policy and Veterans Affairs Yaroslav Nilov wrote on the Telegram channel …
The explanatory note notes that the maximum amount of social tax deduction “has been established for more than 10 years and has not changed since then.”
At the same time, the cost of education in Russian universities during this period, according to the authors of the bill, increased more than threefold, the prices of medicines annually rose in price by an average of 10%. According to experts, the ruble has depreciated almost three times.
A tax deduction is the amount by which, if there are appropriate grounds, the taxable base (income from which tax is paid) is reduced. According to the Tax Code of Russia, deductions are provided for the costs of training, treatment, the formation of pension savings and the passage of an independent assessment of their qualifications.
On August 1, a bill entered into force providing for a tax deduction for physical culture and sports services. The law provides Russian citizens with the opportunity to recover 13% of their fitness expenses. The deduction is made for certain types of sports services, the list of which must be approved by the Russian government.