The government proposed to exempt part of the grants to volunteers from taxes
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Speech about regional and municipal grants
Grants allocated to volunteers from regional and municipal budgets should not be taxed, according to the Russian government. The relevant bill was submitted by the Cabinet of Ministers to the Duma on Friday, June 30.
If the law is adopted, recipients of grants, both in cash and in the form of payment for the cost of travel to and from the venue of events, food and provision of premises for temporary use, will not pay personal income tax (PIT).
The developers of the document admit that this will lead to the loss of part of the treasury’s income, but they emphasize that the money will be used to solve socially significant tasks. They note that grants, as a rule, are aimed at developing public initiatives, improving the beautification of the urban environment, as well as helping vulnerable segments of the population, including the elderly.
“Giving the opportunity not to pay taxes on such grants will allow more funds to be allocated for the implementation of activities in these areas,” the authors of the bill believe. The list of activities for which money is allocated must be agreed upon by the regional government or the representative body of the subject of the Federation.
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