Tomsk Residents Face Potential Impact of New Tax System
Higher NDFL rate affect 18,000 residents of Tomsk region.
In a discussion with RIA Tomsk, regional head of the Federal Tax Service, Yuriy Kurilenko, revealed that around 18,000 residents of Tomsk Oblast could be affected by the introduction of a five-tier progressive tax system. Currently, approximately 3,000 individuals with an income exceeding 5 million rubles (around $53,000) are subject to higher tax rates.
Previously reported, Russia is set to implement a progressive 5-tier tax system starting from 2025. For Russians earning up to 2.4 million rubles (around $26,000) annually, the rates will be at 13%. For earnings between 2.4 million and 5 million rubles, the rate increases to 15%. The brackets for earnings between 5 million and 20 million rubles, 20 million and 50 million rubles, and over 50 million rubles are not yet clearly specified according to available sources.
Kurilenko elaborated, stating, "Beginning January 1, 2025, the five-tier progressive tax scale for the NDFL will be implemented, with the lower threshold of the taxable income amounting to 2.4 million rubles per annum, and subject to a 13% rate. If income levels remain the same in 2025 as they were in 2024, the higher tax rates of 15%, 18%, 20%, and 22% will apply to 18,300 residents of Tomsk Oblast."
Progressive NDFL Tax Rates, Exemptions, and Deductions
As previously disclosed, the higher tax rates will be applied only to the portion of the income exceeding threshold values. For example, if an individual's annual income is 3 million rubles (around $32,500), the first 2.4 million will be taxed at a 13% rate, with the remaining 600,000 being taxed at a 15% rate.
Proposed Changes and Key Features
The proposed tax reform does not appear to include explicit exemptions and deductions for the revised NDFL system, but cryptocurrency taxation follows this progressive scale (at 13-15% for individuals). Taxpayers are obligated to submit their income declarations (including crypto) via Form 3-NDFL by April 30 each year.
Regional analysis, such as figures for the Tomsk region, are currently unavailable in published data sources. Given the declaration count for Tatarstan (approximately 490,000 returns filed as of October 2024), the progressive system is expected to affect millions of Russians nationwide. However, regional breakdowns remain unpublished.
To obtain specific details regarding Tomsk residents' potential tax implications, consult local Federal Tax Service releases or regional budget reports, typically published mid-year for the previous fiscal years.
- The five-tier progressive tax system, set to be implemented in Tomsk Oblast from 2025, has the potential to impact 18,300 residents, according to Yuriy Kurilenko, the regional head of the Federal Tax Service.
- For those earning between 2.4 million and 5 million rubles annually, the proposed tax system will impose a 15% rate, but it's unclear how the tax brackets will be defined for those earning more.
- The progressive tax system, initially reported to affect millions of Russians, does not seem to include explicit exemptions and deductions for the revised NDFL system, but cryptocurrency taxation follows this scale at 13-15%.
- Detailed information about the specific tax implications for Tomsk residents can be found in local Federal Tax Service releases or regional budget reports, published mid-year for the previous fiscal years.
