Would be a more expensive for budget to raise the tax deductions!

05.10.2010

The Russian government has not supported the initiative to increase the size of tax deductions for individuals
The website of the Ministry of Finance of the Russian Federation published a draft of the negative feedback of the RF Government on amendments to the Tax Code, providing for an increase in the size of tax deductions for individuals.
The reason pointed out that the bill would reduce revenues of the budgets of various levels up to 400 billion rubles a year.
Recall that the bill would increase the size of the standard tax deduction for certain categories of taxpayers' personal income tax.