The Ministry of Finance has ruled out an increase in basic tax rates – Kommersant

Deputy Minister of Finance Alexey Sazanov said there are no plans to change the basic parameters of the Russian tax system. According to the deputy minister, we are talking, among other things, about the personal income tax rate.

“The adjustments affect industries with economic and natural rent, in which additional budget revenues can be obtained without compromising the investment activities of companies. According to this principle, export duties were also introduced this year, linked to the ruble exchange rate,” said Mr. Sazanov (quoted from RBC). He also added that the authorities do not plan to increase tax rates or re-introduce a tax on excess profits of companies.

At the same time, Alexey Sazanov noted that the Ministry of Finance intends to intensify the fight against tax evasion. In particular, it is planned to tighten regulation of pricing in transactions between related parties (transfer pricing or transfer pricing, which involves the transfer of a product or service from one subsidiary to another).

Currently, Russia has a flat income tax rate of 13%. It was introduced on January 1, 2001. Before this, the country had a progressive scale – from 12% to 30% depending on the level of income per year. In 2021, the country introduced a new rate – 15% for citizens’ incomes in excess of 5 million rubles. in year. Head of the Russian Ministry of Finance Anton Siluanov admittedthat they may return to the discussion of increasing tax rates in the new budget cycle. The current budget cycle runs until 2025.