Since 1 January, an individual taking a loan is required to pay a 13% income tax. According to the head of the Main Directorate of the Ministry of Taxes and Duties, this will affect primarily those who, when filling in an assets and income declaration, state they have bought an apartment or a car with borrowed money. Mikhail Rassolko noted that the loan note has no limitation period.
The income tax does not have to be paid if the loan is borrowed from a close relative, guardian, caregiver or a person under care. After the debt is paid, the tax can be returned. A new loan agreement is not valid for the return of the current debt.
For more information on the tax, watch The Main Broadcast today at 9:10.
