Beginning from 2011 obligatory assignments to the labor compensation fund to make 34%

Rasul Hamidullin

The insurance payments will increase beginning from January 2011 – from 26 to 34% of the labor compensation fund and at that 26% of the salary fund will be spent for the pension insurance and 8% - for the social and medical insurance.

If earlier those, who applied the simplified taxation system, might figure on the lessening of tax burden, now they appeared even more vulnerable.

“It is quite clear even before the New Year what all this is able to lead to” – the General Director of the realty agencies network “The Expert” Elena Andreeva considers – “I doubt whether any of the employers, except the public sector and the biggest enterprises, will agree to pay such taxes and for the hired workers it means first of all the impossibility to take credits and receive tax benefits.

The banks, offering hypothec credits, also have to correct their credits programs, taking the forthcoming changes into account, including the forms of income confirmation, obtaining of credits by individual businessmen and introduction of new mechanisms, such as the building saving-banks.

#taxes #crediting

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