Yesterday, on February 8, 2018, deputies from the “Just Russia” political party submitted to the State Duma a draft amendment to the Russian Tax Code, according to which an income of individuals shall be taxed under 18% rate, provided that such income exceeds 24 million during one tax period (from January 1 to 31 December).
A “traditional” 13% rate shall be applied to income, which do not exceed the mentioned trigger.
In the explanations to the bill, the authors refer to the experience of advanced economies that have used the progressive scale of taxation for a long period of time. By adopting the law, the deputies plan to implement "a reduction in the excessive income gap between the richest and poorest population stratum".
The explanatory note to the bill contains a forecast based on the 2015 indicators, according to which about 20 thousand taxpayers will fall under the law, which will entail additional revenues to the budget of 200 billion roubles.
The new order of fiscal administration, according to the authors of the draft, should not cause significant difficulties for the tax authorities.
In case of adoption, this law shall come into force not later than 01.01.2019.
The text of the bill is available on this web-page