Income tax

Among the major sources of income of the budget is income tax on individuals. In most other countries the tax on personal incomes is the main source of budget revenues. For example, in U.S. federal budget for its share of more than 40%, while corporate income tax - 10%. In Denmark the share of budget income tax 48%, which is almost the same as in all others combined. In Germany, this tax is ranked first among the articles of budget revenues in France - the second place after the value added tax.

Growing importance of this tax and the Russian Federation. However, this process prevents the low income of most people. Under the legislation, introduced in 1992, became the object of taxation combined annual income of an individual, from which deductions are made tax benefits, including tied to marital status. The tax is progressive in nature.

The object of the income tax is the aggregate income earned in a calendar year, either in cash or in kind, including in the form of material gain. The date of receipt of income is the date of payment of income (including deposit), or transfers of income, or the date of transfer income in kind. Earnings in foreign currency for tax purposes are converted into rubles at the exchange rate ruling at the date of receipt.

Income tax is the main tax that individuals pay. Others are in the nature of property taxes or duties and do not have the regularity of the payment. Income tax is paid an absolute majority of citizens of every month, and many more are converted and paid additionally on the basis of the calendar year. The tax is paid within the time limits set by law, cumulative from the beginning of the year, setting off the amounts previously made.

Tax withheld from wages by employers. Citizens who had earnings during the year not only to perform labor and similar duties at the place of basic work (service learning), must submit to the tax authorities income tax return.

In the aggregate annual income does not include pensions, state social allowances, except for temporary disability benefits, severance payments, compensation payments (such as travel, field allowances), cost of natural allowance, the amount of material assistance in natural disasters or other emergencies circumstances, gains in public bonds, on lotteries, interest on deposits in banks and other lending institutions, scholarships and studentov6 their income derived in connection with training and the production process and for the work carried out during the holidays as part of student groups, the income of persons conducting prospecting activities, incomes have grown from the sale in private farms of cattle, rabbits, birds, nutria, products of beekeeping, crops and horticulture, as well as the sale of mushrooms, berries, nuts, medicinal plants, the amounts received during the calendar year from the sale of apartments, houses, villas, cottages, plots of land to the extent not exceeding pyatitysyachekratnogo minimum monthly wage, as well as amounts received from the sale of other assets to the extent not exceeding thousand times the minimum monthly payment, insurance payments, income, obtained from individuals by way of inheritance or gift, except for wages paid to heirs of authors of discoveries, inventions, works of art and literature, the value of gifts from businesses, prizes received in contests and competitions, not to exceed the size of twelvefold minimum monthly wage, the income of members farm, obtained from agricultural activities in the five years since the founding of the economy, the amount of dividends paid by enterprises to individuals, if they invest in businesses in the modernization, renovation, expansion of production and social infrastructure, as well as to increase working capital , income (other than wages) received by members of the nomadic tribal communities minorities in the North, the amount of value of shares received by individuals in compliance with the law on privatization of enterprises, except for dividends and other income from these shares, proceeds of members of the personnel for of preferences in the privatization of enterprises, the cost of their own production of agricultural enterprises, sold on account of the natural wage of less than fiftyfold minimum monthly wage, and income from the election commission, the amount of remuneration of foreign physical persons engaged for the implementation of targeted socio-economic housing programs, the establishment of vocational retraining discharged from military service.

If international treaties of the Russian Federation or the former Soviet Union other rules of taxation of certain categories of citizens, the rules of international treaty.

Individual entrepreneurs that have fallen to a simplified system of taxation, accounting and reporting, pay income tax in the form of payment of the annual cost of the patent.

Income tax on individuals is a federal tax, but most of it derived from collection of funds remain in the budgets of the Federation. Along with the income tax serves as a source of regulatory revenues. Relations between the budgets of its change. At various times in the regional budget was 100%, 99, 90% of total revenues, the rest to the federal budget.

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