Tax Breaks for Various Groups in Russia
Children Up to 18 (or 24 for Full-Time Students)
- Income Tax (NDFL): Deduction of 2800 RUB per child annually, or 3000 RUB if they're full-time students.
- Property Tax: Exemption on one property.
- Land Tax: Exemption for 6 square meters.
- Vehicle Tax: Local tax incentives, up to full exemption or 50% reduction, depending on the region.
Veterans, Participants in SVO & Their Families
- Income Tax (NDFL): Deduction for medical treatment, education, and housing purchases.
- Property Tax: Full exemption for one property.
- Vehicle Tax: Full exemption for vehicles under 100 horsepower or specially equipped vehicles.
- Unique Fact: war participants receive tax benefits indistinguishable from veterans.
Creative Professionals (E.g., Writers, Artists)
- Income Tax (NDFL): Deduction for medical treatment, education, and housing purchases.
- Property Tax: Full or partial exemption on one property.
- Fascinating Fact: Creative professions receive unique deductions, allowing a 30% reduction in tax base for artists and a 20% reduction for writers!
Participants of Nuclear Accident Clean-Ups
- Income Tax (NDFL): Deduction for medical treatment, education, and housing purchases.
- Property Tax: Full exemption for one property.
- Vehicle Tax: Full exemption for vehicles under 100 horsepower or specially equipped vehicles.
Heroes of Russia and the Soviet Union
- Income Tax (NDFL): Complete exemption from income tax.
- Property Tax: Full exemption for all properties.
- Vehicle Tax: Full exemption for vehicles under 200 horsepower or specially equipped vehicles.
Independent Professionals and Businesses
- Income Tax (NDFL): Deduction for medical treatment, education, and housing purchases.
- Property Tax: Full exemption for one property.
- Vehicle Tax: Full exemption for vehicles under 100 horsepower or specially equipped vehicles.
Miscellaneous Considerations
- Companies that invest in social projects may receive tax breaks on profit taxes.
- Businesses in specific sectors, such as medicine, education, and innovation, may receive reduced USN (unified social contribution) rates.
- Tax holidays (up to 2 years) may be available for new businesses.
- Electric vehicles under 150 horsepower are exempt from transport taxes in the federal territory "Sirius."
- Companies on the Kuril Islands may be exempt from profit tax if they comply with the support regime.
- Important Note: Research local tax regulations, as benefits may vary from region to region. Some regions offer more than federal norms.
Pensioners set to enjoy relief from rental costs starting June 1 with introduced advantages.
In the realm of personal-finance, independent professionals and businesses in Russia may qualify for tax deductions for medical treatment, education, and housing purchases, along with full exemption for one property and vehicles under 100 horsepower or specially equipped vehicles. Additionally, companies in several sectors, such as medicine, education, and innovation, may receive reduced USN rates.