Tax consultant Ekaterina Pirogova explained why you need to pay taxes and how you can reduce them. Advisor’s advice “RBC”.
The expert noted that tax notifications are usually sent to your personal account on the nalog.ru website. They can also be obtained by registered mail or during a personal visit to any tax office.
According to Pirogova, these notifications contain information about taxes accrued on individuals’ property such as real estate, transportation and land. If property tax is not subject to calculation (for example, for preferential categories), the relevant information is not included in the notification. In 2023, the Russian government extended the tax payment deadline for one year for taxpayers in the Belgorod and Kursk regions, as well as those affected by floods in the Orenburg region. Similar measures also affected those called up for military service during partial mobilization.
Usually taxes are due on December 1, but this year the deadline has been moved to December 2, 2024 because December 1 falls on a Sunday. You can find additional information on tax declarations on the official website of the Federal Tax Service.
In addition to real estate taxes, notices may also specify personal income taxes assessed in certain cases. If the income for which tax must be calculated exceeds 5 million rubles, an increasing rate is applied depending on the amount exceeding this threshold. If previously recorded income did not exceed 5 million rubles, personal income tax may also be charged at the rate of 15%.
This situation may occur if the withholding agent determines the amount of income but does not withhold the tax, and investors do not leave sufficient funds in their brokerage accounts. However, according to the tax declaration, they must pay the tax by the beginning of December.
As for winnings from casinos or slot machines, you do not need to pay income tax if the total annual winnings are less than 4 thousand rubles.
Starting from 2024, for the first time, tax declarations began to reflect information on income from interest on bank deposits if they exceed the established limit. Income over 150 thousand rubles will be taxed in 2023, and the limit will change in 2024. Banks transmit interest data to tax authorities, who then calculate total income.
It is also worth noting that the income from deposits is included in the general tax base, so various tax deductions such as social, property, standard and IIS deductions can be applied for. This applies to retirees, students and housewives, as well as people who work or rent property on the basis of civil contracts. Thus, even those with low income can benefit from the opportunity to receive a tax deduction by filing a return.
10 October Supreme Court of Russia accepted The illegal practice of including insurance payment obligations in loan agreements without the borrower’s separate written consent. The Board noted that when providing additional services, the bank must give the customer the opportunity to reject or accept them independently.
previously lawyer warnedthat tax evaders could lose their property.
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Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.