The Finance Ministry proposed including Russians’ “passive” income in the general personal income tax base

The Finance Ministry proposed including Russians’ “passive” income in the general personal income tax base

The Finance Ministry submitted a package of budget bills to the government, including the draft budget for 2027 and the planning period of 2028–2029.

The ministry proposes taxing income from dividends, interest on deposits, securities transactions, property sales, gifts, and other similar receipts under a single progressive personal income tax scale. The rates would range from 13% to 22%. At present, such income is taxed at rates of 13–15%.

The Finance Ministry believes the changes will make the taxation of citizens’ income more uniform. They will not affect deposits of up to 1 million rubles or participants in the war in Ukraine. According to the ministry’s estimate, the new rules will affect around 4 million people — no more than 6% of the population.

The Finance Ministry also proposed setting VAT at 22% on foreign goods bought online.