From January 1, 2022, citizens of the Russian Federation will be able to receive a sports tax deduction, explained on Thursday, December 30, the leading lawyer of the Eurasian Legal Association “Senator” Yuri Zakharov.
“The Russians will have the right to save 13% of the cost of paid services, but the limit for these needs, which also includes the cost of treatment, education, insurance and pension contributions, is no more than 120 thousand rubles a year,” the agency quotes him as saying “Prime“.
He clarified that in this way you can save up to a maximum of 15 thousand 600 rubles.
According to him, according to the amendments to Art. 219 of the Tax Code, any citizen over the age of 18 has the right to such a deduction, provided that he pays personal income tax. To receive money, you need documents confirming “sports expenses” (an agreement for the provision of services and a cashier’s check), a 2-NDFL certificate and a 3-NDFL declaration, as well as bank details for transferring funds.
In addition, you can get a deduction for health and fitness services for your children. To do this, you must additionally attach a copy of the child’s birth certificate.
The lawyer drew attention to the fact that in addition to the documents provided, firms providing such services should be included in a special list of organizations in which physical education and sports are the main activity. The deduction can only be applied to income received from January 1, 2022.
Earlier, on December 3, Russian President Vladimir Putin ordered amendments to the legislation that would stimulate the formation of long-term savings among citizens. So, he instructed to work out the issue of providing a tax deduction for income of individuals when investing in Russian securities. In addition, the head of state instructed to determine the criteria and parameters of co-financing from the federal budget for long-term savings of citizens.
Responsible for the execution of the order until July 15, 2022 were appointed Russian Prime Minister Mikhail Mishustin and the head of the Central Bank of the Russian Federation Elvira Nabiullina.
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