In Russia, payments of up to 1 million rubles for the birth of a child are exempt from taxes

Starting from January 1, 2026, employers will be able to pay their employees up to 1 million rubles at the birth of a child, which will not be subject to taxes and contributions. This was stated on December 8 by Russian President Vladimir Putin at a meeting of the Council for Strategic Development and National Projects.

"So, starting from January 1 next year, the amount that an employer will be able to pay employees at the birth of a child and which will not be subject to personal income tax and insurance premiums will increase. It will amount to 1 million rubles," he said.

The President specified that the established corporate demographic standard is designed to increase the contribution of the business sector to achieving demographic indicators.

The news is being updated