The bill introducing a new social deduction for sport and fitness was adopted in the first reading by the Russian parliament. Cumulative amount of social ductions is limited to 120 thousand rubles. For an individual having paid for sport and fitness services to benefit from the new deduction (i) the services shall be included in a list to be approved by the government; and (ii) the services provider shall be named in the special list of the Ministry of Sports. The deduction can be obtained by submitting a declaration to the tax inspectorate or via the employer.
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NAZALI TAX & LEGAL |