Effective 1 September 2026, amendments to Article 219.7 of the Tax Code introduce revised rules for personal income tax deductions on long-term savings (dolgosrochnye sberezheniya). The changes, enacted by Federal Law No. 456-FZ, increase the maximum annual deduction base, expand eligible financial instruments, and simplify the claim process through the Unified Tax Account.
Key Takeaways
- Increased Deduction Base: The maximum annual contribution eligible for deduction rises from 400,000 to 600,000 rubles, yielding a potential tax refund of up to 78,000 rubles per year (at 13% PIT rate).
- Broader Instrument Eligibility: Deductions now apply to deposits in systemically important banks, units of mutual funds with a strategy of long-term investment, and individual investment accounts (IIA) of the second type.
- Automated Verification: Financial institutions transmit contract data directly to the FTS, pre-filling deduction claims in the taxpayer’s Personal Account, reducing documentation requirements to a single confirmation click.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement