Russia may introduce new tax rules that would take effect on January 1, 2025, with a threshold for higher personal income tax at 5 million rubles per year. This stance was shared by Anatoly Aksakov, who chairs the Financial Market Committee in the State Duma. The report originated from lenta.ru and reflects ongoing discussions about how progressive taxation could reshape the tax landscape for high earners. (Source: lenta.ru)
Aksakov noted that a working group within the State Duma has been formed to collect ideas and eventually evaluate which proposals might be adopted. The discussions emphasize a cautious approach, weighing potential changes before any concrete measures are announced. (Source: lenta.ru)
According to the deputy, taxpayers earning less than 5 million rubles annually would continue to pay 13 percent, at least for the time being. He stressed that it is too early to determine which proposals will ultimately be accepted into law. The idea is to focus reform on those with higher income levels while preserving the current rate for others unless new measures are formally approved. (Source: lenta.ru)
In a related development, there is support from President Vladimir Putin for progressive taxation, with the Cabinet of Ministers actively preparing proposals on this topic. The move signals a potential shift toward tax brackets that scale with income, aimed at aligning Russia’s tax system with broader international practices. (Source: lenta.ru)
On the same day, the State Duma announced plans to assess a transition to progressive taxation in Russia, signaling a period of formal discussion and policy evaluation among lawmakers and the executive branch. (Source: lenta.ru)
Earlier statements from the Federal Tax Service clarified the statistics surrounding any increase in personal income tax for wealthier Russians, underscoring the careful, data-driven approach that accompanies reform proposals. (Source: lenta.ru)
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