The analyst calculated the increase in personal income tax in Russia is

the Head of IAC “Alpari” Alexander Razuvaev considers “bad idea” proposed yesterday by the Russian President Vladimir Putin, an increase from 13% to 15% tax rate on incomes that exceed 5 million rubles.

“to Increase the personal income tax is a bad idea,” — says the analyst. In his view, “basic should pay taxes not the citizens and privatized enterprises, i.e. corporate sector”.

“In the framework of anti-crisis strategy would be to reduce the pit rate to 10% and to abolish the recently introduced tax on Bank deposits. It would be correct to cancel the payment of personal income tax and of dividends on shares. Dividends are paid from net profit of the company after payment of all taxes. Of course, in most countries there is a progressive scale of personal income tax. However, it would be right to talk about the formation of national model of economy of Russia, the hallmark of which would be the flat rate personal income tax”, the review says the expert.

we will Remind, yesterday in the course of the next televised address to Russians, Putin proposed to change from January 1, 2021 “tax rate on incomes of physical persons from 13 to 15 percent for those earning more than five million rubles a year.” The head of state said that “the increased rate will not be taxed on all income but only the portion that exceeds 5 million a year.” Such measures, according to President, will give the “budget of about 60 billion rubles”, and these funds will be used for “the treatment of children with severe, rare diseases, purchase of expensive medicines, equipment and means of rehabilitation, conducting high-tech operations”.

let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its harmful effectsOia global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.

on 2 June Prime Minister Mikhail Mishustin presented to the President a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will be about 5 trillion rubles.

Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to