Ivan Tsvetkov, Senior Tax Consultant at Tax Compliance, commented on the simplified procedure for social tax deductions expected to be implemented by the Federal Tax Service.
From 2025, the Federal Tax Service plans to provide tax deductions for education, medical treatment and fitness in a simplified procedure. Earlier tax officials have already managed to automate the receipt of investment and property deductions, and next year similar processes will begin to test and social deductions.
Ivan Tsvetkov noted that, most likely, when receiving a social deduction in a simplified procedure will not need to provide documents. If you take the current procedure for obtaining an investment or property deduction, then now the exchange of the tax authority with the organization that has information about the transaction is automatic. This is the simplified procedure. That is, you do not need to submit the declaration itself, because there is an automatic exchange of information, and after the person signs the application formed by the system in the personal office, the money is transferred to the taxpayer's account. I believe that the social deduction will be provided in the same way.
Read more in Business FM's tax news review, as well as on the website.
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