These changes must still be approved by the Federation Council and signed by the President.
On July 10, the State Duma adopted the tax reform law and government amendments to it.
Currently, there are two levels in the personal income tax rate scale: 13% for income up to 5 million rubles. per year and 15% – from large amounts. The number of steps in the personal income tax rate scale will be increased to five:
- 13% – for income up to 2.4 million rubles. in year;
- 15% – from 2.4 to 5 million rubles;
- 18% – from 5 to 20 million rubles;
- 20% – from 20 to 50 million rubles;
- 22% – more than 50 million rubles.
Corporate income tax will also increase by 5%, and the VAT rate will remain unchanged.
Preferences for the IT and radio electronics industries are changing. The income tax rate for such companies will be reduced to 5% until 2030, and provides the opportunity to apply benefits during reorganization in the form of a spin-off and expand the list of income for radio-electronic industry organizations that is taken into account for the application of benefits. The right to apply an increased coefficient to expenses for the rights to use Russian computer programs has also been added.
The income threshold for the simplified tax system will be expanded from 265.8 to 450 million rubles, the threshold for the residual value of fixed assets – from 150 to 200 million rubles. The amendments also provide that entrepreneurs using the simplified tax system must pay VAT. A reduced rate of 5% is possible for incomes up to 250 million rubles, 7% – for amounts not exceeding 450 million rubles.
The new rules also provide for a “tax amnesty” for voluntary refusal to split up a business in 2025 and 2026.
Rinat Zaynutdinov
Partner | TPG-Legal