According to the publication, these issues began to be considered by the Ministry of Finance at the end of 2023.

Currently, the personal income tax rate is 13% for citizens whose income is less than 5 million rubles per year.

For citizens with higher incomes the rate is 15%.

The authorities intend to raise personal income tax rates, but the newspaper’s interlocutors do not provide specific figures.

In addition, the government is considering introducing tax breaks for citizens with lower incomes.

Benefits may also be provided to companies on income tax. 

Russian President Vladimir Putin previously asked the State Duma and the government to present a set of proposals for modernizing the tax system in the near future, as well as to work out approaches to modernizing the fiscal system of Russia.