Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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The simplified procedure for tax deductions will start working in 2022

The simplified procedure for tax deductions will start working in 2022
Photo: pixabay.com

The simplified procedure for processing tax deductions will take effect in Russia from January 1, 2022. Declarations of 3-NDFL and documents confirming expenses can not be provided to the tax office.

As the Kommersant, The State Duma adopted amendments that will reduce the period for checking the FTS when making a deduction to one month instead of three. The terms for transferring money will be halved - up to 15 days. We are talking about property and investment deductions. From the beginning of next year, all information of interest to the tax service will come directly from banks participating in the information exchange with the tax service.

Moreover, participation in such information exchange is voluntary for banks. The simplified deduction procedure will be available only to citizens who have entered into agreements for maintaining an individual investment account or for purchasing real estate with banks that have joined such an exchange.

Users will receive information on the possibility of obtaining a deduction in a simplified manner through their personal accounts. Along with the simplified procedure for providing a deduction, the previous one will also be available through the filing of 3-NDFL.

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