The lawyer told who will be affected by the tax reform
The Russian government is preparing a tax reform that will globally change personal income tax, profit rates and depreciation, Surana Radnaeva, general director of the consulting company Sinoruss, told Sputnik.
This week a meeting was held in the State Duma expert council of the committee on budget and taxes, which discussed changes to the tax legislation of Russia. The Ministry of Finance expects that the amendments will be adopted during the spring Duma session, that is, before the end of June or mid-July.
“Firstly, the changes will affect personal income tax. The minimum tax rate will remain at 13 percent, the maximum rate will most likely be no higher than 25 percent,” Radnaeva said.
She noted that the tax increase will not affect everyone and will vary depending on the level of income. Thus, for workers whose annual income is no more than 5 million rubles, the personal income tax rate will not change and will remain at the same level of 13%.
“But for those whose annual income is in the range from 5 to 25 million rubles per year, the rate may increase to 15%. With income over 25 million rubles. the tax rate will be 20%,” Radnaeva said.
She noted that it is not yet known for sure whether the increase in the personal income tax rate will affect foreign workers, including foreign highly qualified specialists. “The draft tax reform does not mention this,” the lawyer said.
Also, according to her, income tax rates will be increased — presumably from 20% to 25-30%.
< p>“At the same time, to reduce the tax burden, benefits will be introduced for some organizations (for example, manufacturing organizations and IT companies). The Ministry of Finance plans to increase depreciation charges for high-tech equipment and R&D. The depreciation coefficient for R&D when calculating expenses will be increased from 1.5 to 2. That is, taxable profit will decrease,” Radnaeva said.
The head of the Ministry of Finance Anton Siluanov said that the change in tax rates will not affect 95% of small businesses .