Date: 4 weeks ago   Category: Finance

The State Duma approved in the first reading exemption from a personal income tax during "mortgage vacation" — Rambler News Service


The State Duma during the meeting adopted in the first reading the bill of release of citizens from payment of a personal income tax of 35% during "mortgage vacation". "It is offered to release citizens who used the right for "mortgage vacation", from payment of an income tax when obtaining material benefit by them in connection with savings on interest during "mortgage vacation"" — it is noted in the explanatory note to the bill. The income of the borrower during "mortgage vacation" is subject to taxation at the rate of a personal income tax of 35%, in this regard "claim situations between banks which are tax agents are probable and will fulfill duties on deduction of a personal income tax or informing on it tax authorities, and borrowers", it is noted in a note. On May 1 the President of Russia Vladimir Putin signed the law on "mortgage vacation" for the borrowers who are in a difficult life situation. The law gives the chance to the person in a difficult life situation of 6 months not to pay a mortgage loan without receiving the raised penalties and risk to lose housing.

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