Child benefits will not be taxed.
Financial assistance from the state to the firstborn and second child in the family, which they decided to introduce this year, is now plan to exempt from paying personal income tax (abbreviated - NDFL). The draft law, which implies the introduction of such amendments to the Tax Code of Russia, to the main fiscal document, has been prepared and will soon be submitted to the State Duma for consideration.
The proposal was created in order not to burden families with taxes, which themselves need measures of state support. The benefit is strictly social in nature and is paid to help people with children, and not to "drive them into debt." This idea is the main argument, set out in the explanatory accompanying note to the bill.
When the final decision is made, it is not specified, from unofficial sources referenced by a number of news agencies, it became known that the examination is supposed to be appointed as soon as possible after the package of documents is sent to parliamentarians.
From 2018, families whose income does not exceed one and a half subsistence minimums will receive government payments in the amount corresponding to the subsistence minimum, value set for one child. While the Tax Code does not spell out the possibility of getting rid of payments from personal income tax, they are formally considered to be taxable. The new law will eliminate this discrepancy.