Across January through May 2024, the Russian federal budget saw a notable rise in personal income tax revenues, climbing by 57% from the same period a year earlier, according to the press service of the Federal Tax Service. Source: Federal Tax Service.
During these five months, Treasury receipts reached 57.6 billion rubles, compared with 36.5 billion rubles in the corresponding period of 2023. The uptick followed a policy change that raised the personal income tax rate from 13% to 15% for individuals with annual earnings exceeding 5 million rubles. Within the 15% levy, 2% is allocated to the federal budget while 13% is distributed to regional budgets. Source: Federal Tax Service.
The article notes that the overall taxable income of the population expanded, with the aggregate figure for the first quarter of 2024 standing at 10.4 trillion rubles. It also highlights a gradual shift in tax behavior, observing that fewer taxpayers attempt to evade payments and more comply with their fiscal obligations. Source: Federal Tax Service.
Earlier reports addressed scenarios related to tax policy changes in family law, including how divorce can affect state tax obligations, and that such impacts could be significant. Source: Federal Tax Service.
Additional discussions have explored how pension adjustments unfold after indexation, including the duration and scope of changes to retirement benefits. Source: Federal Tax Service.