Russia proposes raising passive income tax to 22%
Currently, the tax rate on them is 13-15%, and the Ministry of Finance proposes taxing them at the standard rate for individual income tax (NDFL).
Consensus
- The Russian Ministry of Finance has proposed expanding the progressive personal income tax (NDFL) scale to include passive income.
- Passive income sources include dividends, interest from deposits, capital gains from securities and property, insurance payouts, and gifts.
- The proposed tax rates would range from 13% to 22%, depending on total income.
- The change would not apply to deposits under 1 million rubles.
- The change would not apply to income of participants in the special military operation in Ukraine.
- The proposal is part of the federal budget for 2027 and the planning period 2028–2029.
- The budget is projected to be deficit-funded at around 2% of GDP annually.
- The Ministry of Finance also proposed introducing a 22% VAT on electronic cross-border trade and a 100-ruble customs fee for parcels under 200 euros.
- The Ministry of Finance suggested increasing the tax on dividends paid to non-residents on 'S-type' accounts to 35%.
Points of divergence
- Paired investment funds (PIFs) are proposed to pay a 15% profit tax on passive income before it reaches investors. — fontanka
- Economist Dmitry Polевой estimates the tax change could bring 500–700 billion rubles annually to the budget. — meduza
- The Ministry of Finance proposed increasing the tax on dividends paid to non-residents to 35% specifically on 'S-type' accounts. — tg_currenttime
- A 30% tax on additional income from hard minerals and a 20% tax on gold is proposed for certain mining enterprises. — tg_sibrealii
- A 30% tax on additional income for hard minerals and a 20% on gold is proposed for certain mining enterprises. — tg_severrealii
- A 30% tax on additional income and a 20% on gold for certain mining enterprises is proposed. — tg_radiosvoboda
- The Ministry of Finance stated that the new system would not affect small deposits up to 1 million rubles, which are already tax-exempt. — mediazona
- The Ministry of Finance proposed a 100-ruble fee per parcel from abroad and a 22% tax on cross-border e-commerce purchases. — tg_bbcrussian
Coverage (20 sources)
- "Passive" income will become more active. How new Ministry of Finance rules will affect the personal finances of Russians — Фонтанка
- Raising taxes on passive income could bring the Russian budget up to 700 billion rubles per year — Meduza
- Ministry of Finance of Russia proposed increasing tax on income from deposits, stock sales, and property to 22% — Настоящее Время
- Ministry of Finance proposed raising tax on passive income to 22% — Сибирь.Реалии
- Ministry of Finance proposed raising tax on passive income to 22% — Север.Реалии
- Ministry of Finance proposed raising tax on passive income to 22% — Радио Свобода
- Ministry of Finance proposed raising the upper tax rate on passive income for Russians from 15% to 22% and introducing a new tax on parcels from abroad — Медиазона
- In Russia, they propose raising the tax on passive income. Why and for what purpose authorities want to get more from citizens - explains... — BBC News Русская служба
- Ministry of Finance proposes taxing interest on deposits and dividends as wages — at a rate up to 22%. This will not affect participants of the war... — Дождь (Telegram)
- Ministry of Finance proposed raising deposit, dividend, and property sale tax to 22%. Also want to tax foreign online-... — Важные истории
- Ministry of Finance proposed taxing income from deposits and dividends at rates up to 22% — The Bell
- Interest rates on deposits — too. The Ministry of Finance proposed changing the taxation of passive income — Фонтанка
- Ministry of Finance proposes taxing interest on deposits and dividends as wages — at rates up to 22%. This will not affect war participants... — Дождь (Telegram)
- Ministry of Finance proposes to include passive income in the main tax base for personal income tax — Вечерняя Москва
- Authorities once again think about raising taxes for Russians — Новая газета Европа
- Ministry of Finance proposed taxing Russian passive income at NDFL rates of 13-22%; amendments submitted to the government for consideration... — Varlamov News
- Ministry of Finance proposed including 'passive' Russian incomes in the main base for NDFL — ASTRA
- Ministry of Finance proposed requiring investment funds to pay a 15% profit tax on passive income — Интерфакс
- Ministry of Finance proposed to require investment funds to pay profit tax on passive income — Коммерсантъ
- Tax on interest on deposits and dividends may be raised for part of Russians; Ministry of Finance proposes including such 'passive'... — Новости Москвы
Key entities
- Ministry of Finance
- Russia
- Ministry of Finance
- Moscow
- INTERFAX.RU
- Commerzant
- PIF
- RIA Novosti
- BBC
- Dmitry Polevoy
- Agency
- Olga Shamina