The State Duma of Russia approved in the third reading the law on increasing the maximum amount of social tax deduction for personal income tax up to 110,000 rubles for the cost of education of children and 150,000 rubles for other expenses.
In accordance with the adopted law, the right to include in income tax expenses with a multiplier factor of 1.5 the cost of acquiring high-tech household equipment is extended. Currently, these rules apply to goods listed in the Unified Register of Russian Radioelectronic Products. The list must be approved by the government of the Russian Federation.
“After the adoption of the law, a company that buys domestic equipment will pay lower income tax than if it bought the same imported equipment,” said Vyacheslav Volodin, Chairman of the State Duma of the Russian Federation. Russia, who led the group of deputies who submitted this bill to the lower houses of parliament in early April.
According to him, such a measure is aimed at accelerating the formation of import substitution and technological independence in key sectors of the Russian economy.
See also: In Russia, the list of higher education programs will soon be revised.
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