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Thursday, March 15, 2018

Western media reported about the increase of taxes in Russia after the election

Russian authorities are studying the option of increasing the tax to incomes of physical persons (personal income tax) and value added tax. However, this will happen only after the presidential elections — that is after 2018.

photo: Gennady Cherkasov

The Russian Cabinet is now considering several proposals in this direction, including the introduction of so-called progressive income tax.

It implies a rate increase from the current 13 percent – but only for wealthy citizens. Another option — saving a fixed rate, but raising it to 20 percent for all categories of citizens.

According to the newspaper The Wall Street Journal, citing anonymous sources in the Russian government, tax reform will be delayed until the presidential elections in 2018, so as not to cause protest before the vote.

Earlier, the Prime Minister Dmitry Medvedev also said that until 2018 the issue of raising taxes would not be raised. However, he assured that the proposals of imposing a tax on bachelors and childless also consider not going.

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