Income tax in Russia may rise to 15%
Income tax may rise in Russia from 13% to 14–15%. This will happen if the authorities approve the oligarchs’ idea to shift part of the tax burden to the population and introduce a new pension contribution in the country, which will be collected directly from workers.
Subscribe to the news "PolitNavigator - Crimea" в Facebook, Classmates or In contact with
This idea is now actively lobbied by the Russian Union of Industrialists and Entrepreneurs, which is also called the “trade union of oligarchs,” reports "Independent newspaper".
“RSPP considers it possible for workers to participate in the formation of their pensions. A possible option is to introduce deductions from employees’ salaries in the amount of 1-2% to their individual accounts for the insurance part of the pension while maintaining the existing level of contributions by employers,” the head of the RUIE, Alexander Shokhin, told TASS on Wednesday evening. According to Shokhin, it is possible to make sure that this tax is levied not on every working Russian, but only on citizens who have a certain salary level. Which one exactly is apparently a question for further discussion.
This is how large businesses are preparing for the expected increase in the tax burden. “Currently, companies have a so-called temporary preferential regime for social insurance contributions - their value is 30%. But formally the regime is valid only until 2018. The risk of them being set at 34% cannot but worry business,” Shokhin explained.
Let us remind you that in Russia, insurance contributions, including those that go towards the formation of the insurance part of the pension, are collected from the employer. Indirectly, these contributions also affect the wages of citizens, since companies may refuse to increase employee salaries due to the associated tax costs, or companies may transfer part of their salaries to the gray zone. But, be that as it may, the citizens themselves are not formally deprived of these funds. Only personal income tax is paid directly from the earnings of the population in the country. The essence of the new pension tax is that it will be levied specifically on employees.
With a national average salary of 30 thousand rubles. per month the forced contribution will be from 300 to 600 rubles.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.