The draft federal law, which has been recently discussed, includes amendments to the Russian Tax Code. These amendments will change tax rates, specifically personal income tax (PIT).

From 2025, a multi-tiered scale of personal income tax is proposed. For annual income up to RUB 2.4 million, the rate will remain at 13%. For income between 2.4 and 5 million rubles, it will be 15%. For income between 5 and 20 million rubles, it will increase to 18%. For the income over 20 to 50 million rubles, it will rise to 20%. For citizens who earn more than 50 million rubles in a year, the rate will be 22%.

According to the authors of the bill, the introduction of a new system of progressive taxation is expected to increase the revenue portion of budgets and help to solve social and economic issues in the country. They expect that in 2025, with the implementation of differentiated personal income tax rates, the budget would receive an additional 533 billion Belarusian rubles, and in three years (2025-2027), it would be 1.4 trillion Belarusian rubles.

The importance of controlling wages and incomes so that they don't flow into the informal economy was pointed out. The importance of social assistance for the low-income families and individuals with incomes close to the minimum wage was also highlighted.