Featured

New recipes in Russia. “Foreign agents” lose tax breaks


According to the press announcement of the Russian Ministry of Finance, the bill sets a uniform rate of personal income tax in the amount of 30 percent. for “foreign agents”. Various discounts are also abolished – regarding tax deductions from investment, exemption from tax income from the sale of assets, donations and inheritance income.

Tax preferences will be deprived not only of citizens, but also organizations that have been awarded the status of a “foreign agent” or in which the factory capital is attended by “foreign agents”. In particular, they will have to pay full taxes on profits and income from free assets.

The possibilities of earning “foreign agents” in Russia have already been limited before. In particular, from September 1, persons entered in the register of the Ministry of Justice cannot teach in state and municipal educational institutions or conduct educational activities, create information products for minors, participate in public procurement, receive state support, conduct anti -corruption and ecological expertise.

At the end of last year The authorities banned “foreign agents” to dispose of copyright, sale and rental of cars and real estate, as well as dividends and deposits. Pursuant to the Act, these income will affect a special account, from which owners will be able to have funds only after deleting “foreign agents” from the register.

However, until now, the income of “foreign agents” from other types of activity has been taxed with personal income tax at a standard rate of 13 percent. In the case of adopting the bill of the Ministry of Finance, the state will collect a third of income, even from what “foreign agent” will earn on cleaning the rooms, says lawyer Jewgieży Smirnow. “In fact, the authorities want to equalize [“zagranicznych agentów”] with non -residents in Russia. 30 % rate will apply to all income, which will repeatedly increase the tax burden foreign agents” – says Smirnow.

The purpose of the corrections is to create a maximum adverse and expensive tax system for “foreign agents”, says Waleria Wietoszkin's lawyer. – status foreign agent It becomes not only a stigma, but also a direct source of financial losses – says the lawyer. The state simply squeezes those whom it considers his opponents, says Smirnow.

Ashley Davis

I’m Ashley Davis as an editor, I’m committed to upholding the highest standards of integrity and accuracy in every piece we publish. My work is driven by curiosity, a passion for truth, and a belief that journalism plays a crucial role in shaping public discourse. I strive to tell stories that not only inform but also inspire action and conversation.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button