The State Duma passed a law providing for a tax deduction for long-term savings. It will be available for investments in the third type of IIS, contributions to non-state pension funds and contributions to the long-term savings program.
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Deputies of the State Duma of the Russian Federation approved in the second and third reading a bill on providing a tax deduction to citizens for their long-term savings. The document was published in the legislative support system.
The bill concerns investments in individual investment accounts of the third type, contributions to non-state pension funds, as well as contributions to the long-term savings program.
The maximum tax base for the deduction is 400 thousand rubles per year. The amount of the annual deduction is 52 thousand rubles at the personal income tax rate of 13%, 60 thousand rubles at the rate of 15%.
Deductions will be available for contracts concluded on or after January 1, 2024. For existing IISs open until the end of 2023, deductions will continue.
Author:
Kirill Bilyk
Source: RB
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