The Cabinet of Ministers considered the project to abolish personal income tax for incomes below 30,000 rubles unfinished

The Russian Government Commission on Legislative Activities stated that the bill on the abolition of personal income tax for incomes below 30,000 rubles. per month needs improvement. About it writes TASS with reference to the draft recall of the Cabinet of Ministers.

The Cabinet of Ministers noted that the provisions of the bill do not link the right to receive this exemption with the general level of income of the taxpayer, including income from other types of activities. In this regard, citizens who are not low-income will also be able to take advantage of the benefit, the government concluded.

They noted that now the tax burden can be reduced through various tax deductions, which can reduce taxable income down to zero. “Taking into account the above, the bill needs significant revision,” the commission concluded.

A bill to abolish personal income tax for incomes below 30,000 rubles. per month was developed by State Duma deputies from the LDPR and sent for review to the Cabinet at the end of June. Authors offered amendments to the law “On Amendments to Article 217 of the Tax Code of the Russian Federation”. According to the changes, with income below 30,000 rubles. citizens will have a zero personal income tax rate. The authors consider this threshold to be optimal, since this amount is almost twice the minimum wage.

Currently, the personal income tax rate in Russia is 13% for citizens whose income does not exceed 5 million rubles. Other citizens pay tax at a rate of 15%. The income of non-resident individuals is taxed at a rate of 30%.