Putin signs law on tax cuts for long-term savings

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Russian President Vladimir Putin signed the law introducing a new tax deduction for personal income tax (NDFL) on citizens’ long-term savings. This was reported by TASS.

It is stated that this tax deduction will not exceed 400 thousand rubles per year. The document also provides for a personal income tax deduction on the amount of pension contributions paid under non-state pension agreements.

Before reportedIt was stated that the State Duma approved in the second and third readings the law on tax advantages for citizens who provide long-term savings.

The document provides for tax deductions for contributions under non-state pension agreements, long-term savings in non-state pension funds, as well as for funds invested in an individual investment account (IIA) from 2024 and personal income tax on the amount of income. from such accounts. The maximum amount of deduction will be 400 thousand rubles. in the year.

To receive the deduction, the following conditions must be met: A long-term savings contract is valid for at least 10 years, an IIS contract is valid for at least 5 years and its maturity will increase every year from 1 year to 10 years. Cuts continue for IIS, which opens until 2024.

previously economist He gave advice to the Russians Hurry up to open a deposit.

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