IMNS informs

1. The sphere of trade, public catering, and consumer services in rural areas – under a preferential regime again

For business entities engaged in such activities, from 01.01.2024 to 31.12.2028, the real estate tax and land payment benefits are reinstated, and a twofold reduction in the profit tax rate (for organizations) or income tax rate (for individual entrepreneurs) is provided for objects and profits (income) from sales.

The lists of settlements and territories where tax benefits will apply will be determined by regional Councils of Deputies.

    

2. Standard deduction for young specialists – application features.

From January 1, 2024, young specialists are entitled to a standard income tax deduction of 620 rubles per month. The status of "young specialist" is valid for the duration of mandatory work under distribution (redistribution).

The right to the deduction can be exercised not only by graduates who have been assigned a place of work (service) through distribution (redistribution) but also by "fee-paying" graduates who received education on a full-time basis at their own expense, fully or partially (when more than half of the training period was paid for with their own funds), and were assigned, at their request, to positions remaining after distribution.

The deduction for young specialists is provided during the period of mandatory work with the employer under distribution (redistribution) established by law and the period of continuation of employment relations with them, but not more than 7 years from the date of employment with that employer. That is, only individuals who are young specialists as of 01.01.2024 and later are entitled to a deduction of 620 rubles per month (including the period of continued relations up to 7 years).

It should be noted that this deduction is cumulative with other standard deductions.

3. Individuals – subjects of agro-ecotourism have the right to engage hired persons under labor and (or) civil law contracts.

In this regard, the Ministry of Taxes and Levies inspection for the Polotsk district draws the attention of citizens who received income from individuals – subjects of agro-ecotourism in 2023 to the need to declare this income. The income tax return (calculation) must be submitted to the tax authority no later than 01.04.2024.

However, there is no need to file a tax return for income received from services for which professional income tax or a unified tax was paid.