Owners of an individual investment account (IIA) of the third type were offered to establish a tax deduction on income in the amount of up to 30 million rubles, writes RBC with reference to amendments to the Tax Code prepared by the Ministry of Finance.
Withdrawals from such an account will not be available any longer than from existing accounts.
The innovation means that the maximum amount of personal income tax, from which investors with IIA will be exempt, will be 3.9 million rubles at a tax rate of 13% or 4.5 million rubles at a rate of 15 %.
According to the document, the scenario with such a tax deduction will be relevant if the person who signed the agreement keeps the funds in the account for 10 years.
In addition, the modifications introduce a transitory period, which will depend on the opening date of a new type of SII. If the account was created in 2024, the transition period will be five years. When opening an account in 2025 – six years.
Up to ten years, the minimum period for IIA tax benefits will increase to 2029.
“The tax deduction is provided in the amount of not more than 30 million rubles for the tax period for all agreements to maintain an individual investment account terminated in such a tax period,” the document says.
Also, under the amendments, owners of new IIS are entitled to a different type of tax deduction – for depositing funds. The amount will not exceed 400 thousand rubles per year. At the same time, the amount of the deduction can be reduced, provided that the investor receives a deduction for contributions to the non-state pension benefit in the same year.
Author:
Natalia Gormaleva
Source: RB
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