The Ministry of Finance of Russia has proposed to make adjustments to the taxation of citizens, Izvestia reports with reference to the appendix to the “Main directions of budgetary, tax and customs-tariff policy for 2022 and the planning period of 2023 and 2024.”
The first change concerns people working remotely in other countries for Russian companies. They may be required to pay income tax (PIT). Now there is no such norm, explained Levon Hayrapetyan, head of the Tax Policy Department of the CSR.
At the same time, the Ministry of Finance wants to set a limit on the amount of compensation payments that employers make to telecommuting employees for organizing work. Companies are now reimbursing teleworkers for the costs of equipment, materials, and other items. According to the new proposals, such expenses of organizations will not be subject to personal income tax if the amount does not exceed a certain threshold, Hayrapetyan noted.
The Ministry of Finance also proposes to change the approach to taxation of bookmakers. Now, if you win less than 15,000 rubles. Russians themselves must pay personal income tax from the amount received. The authorities want to shift the responsibility to gambling establishments, regardless of the amount of proceeds.
Another measure concerns strengthening control over the use of maternity capital. The Ministry of Finance came up with an idea to oblige the Pension Fund of Russia (PFR) to provide tax information on the holders of the relevant certificates, who disposed of the allocated funds, and on the amounts used. It is assumed that this will automate the supervision of the legality of the provision of property tax deductions, which are not provided for in the case of real estate acquisition using maternity capital funds.
In addition, now liquidated or bankrupt banks cannot transfer information about the interest paid to depositors. The Ministry of Finance proposes to assign the need to provide this information to the Federal Tax Service (FTS) on the Deposit Insurance Agency (DIA).
Some of the changes that are proposed to be implemented are related to tax relief. For example, the Ministry of Finance intends to endow the owners of shares in companies received as a gift or inheritance, upon leaving the company or upon liquidation of the organization, to reduce taxable income by the amount with which the contribution was paid when it was acquired by the donor or testator.
The ministry also wants to expand the list of recipients of tax deductions. One of the proposals concerns an increase to 24 years of the age limit for full-time students of taxpayer children who apply for a social deduction. At the same time, the standard tax deduction may become available to persons in whose care are children or citizens recognized as incapacitated.
The Ministry of Finance proposes to allow people to refuse the tax deduction when acquiring property rights and reduce the amount of taxable income by the amount of actual expenses incurred. With a fixed tax deduction, the new option will be limited only by the amount of income from the sale of the property.
Finally, the department came up with the idea of adjusting the procedure for accounting for expenses when families with children sell housing purchased under state support programs. It is assumed that it will be produced in proportion to the share of each family member in the ownership of the dwelling.