Leading business associations asked the government to exempt from personal income tax for all employed citizens, whose salary is less than 5 amounts of minimum wage (SMIC) to 60.6 thousand rubles. Given that personal income tax is the third profitable item for the budget, after oil and gas, it is unlikely the government will listen to business initiatives. Given the sharp fall in the price of oil and gas, exemption from payment of the major taxes would have a severe impact on the budget, analysts warn.
head of the chamber of Commerce and industry of the Russian Federation, OPORA Russia, Delovaya Rossiya and the Russian Union of Industrialists and entrepreneurs presented its package of measures aimed at support and stimulation of demand in the economy. The business Association has proposed to introduce a moratorium on tax payments, including personal income tax for citizens whose monthly salary does not exceed 60.6 thousand rubles.
According to 2019, in Russia a little more than 27 million working people. 17.8 percent of them, and 4.8 million people who receive salary from the minimum wage (12,13 thousand rubles) up to 20 thousand rubles. 24,2% — 6.5 million people — earn from 20 to 31 thousand rubles. From 31 thousand to 40 thousand roubles will receive 14% (3.8 million), and from 40 to 45 thousand, or 6.6% (1.7 million people). 45 to 50 thousand rubles to 5.5% (1.5 million Russians), from 50 to 60 thousand roubles, 8% (2.1 million people). A total of 20.4 million people per month get no more than 60 thousand people, representing almost 80% of the total working population.
“Given that personal income tax is the third article of replenishment of the budget, after oil and gas revenues, it is unlikely the government will agree to most of the population exempt from this payment, — the chief of Department of experts on the stock market “BCS” Vasiliy Karpunin. — With falling prices for oil and gas exemption from personal income tax, 20 million people will hit the budget.”
meanwhile, the idea to release a small wage from personal income tax showed a long time ago. In fact 60 thousand rubles — this is slightly more than the average salary in Russia. According to the head of IAC “Alpari” Alexander Razuvaeva, it is the wrong initiative, because in this case there is a risk of nursing salaries in the shade.
“to lower Taxes is necessary, but rather from the wage Fund paid by businesses, he says. — This idea is probably being lobbied by some entrepreneurs who would like to divert wages into the shadows. And so we have a “gray” wages are about 13 trillion Is a lot even in these times. If to rehabilitate them and get taxes from them, the Treasury will benefit”.
