The State Duma explained the mechanism of calculating the cashback tax
The cashback tax will be charged only if the total income from bank deposits, including the cashback itself, is more than 2.4 million rubles. This was announced on March 30 by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market.
"The cashback tax can be charged only if the total income from the deposit and cashback exceeds 2.4 million rubles," he was quoted as saying by TASS.
Aksakov added that the idea of taxing cashback or regulating it has not yet been considered. He clarified that similar decisions will be made in the case of using cashback in fraudulent schemes.
On March 25, the Council of Financiers of Russia proposed to introduce a mandatory additional property tax if the total cadastral value of real estate exceeds a certain threshold. According to Svetlana Enilina, head of the Finance Committee of St. Petersburg, the purchase of three or more apartments is usually associated with the owners' intentions to generate income, but taxes on renting out real estate most often do not go to the budget.
The value added tax (VAT) rate in the Russian Federation increased from 20% to 22% on January 1. The preferential rate has been maintained for socially important goods and is still 10%. The list of such products includes medicines, medical paraphernalia, children's goods, periodicals, books, as well as breeding farm animals.
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