Putin Exempts Russians Taking Out Housing Loans From Paying Personal Income Tax
Putin Exempts Russians Taking Out Housing Loans From Paying Personal Income Tax

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Владимир Путин освободил от уплаты НДФЛ взявших жилищный кредит россиян

Putin exempts Russians taking out housing loans from paying personal income tax

The move is aimed at supporting the housing market and boosting the economy

Russian President Vladimir Putin has signed a law exempting Russians who take out housing loans from paying personal income tax on the interest they pay on the loans. The law, which was published on the Kremlin website on Wednesday, is aimed at supporting the housing market and boosting the economy.

The exemption applies to loans taken out after January 1, 2023, and will be in effect for the entire term of the loan. The maximum amount of interest that can be exempted from tax is 3 million rubles (about $50,000) per year.

The move is part of a broader effort by the Russian government to support the housing market. In recent years, the government has introduced a number of measures to make it easier for Russians to buy homes, including reducing interest rates on mortgages and providing subsidies for first-time homebuyers.

The housing market is a key part of the Russian economy. In 2021, the value of the Russian housing market was estimated at $1.2 trillion. The market is expected to grow in the coming years, as the population of Russia continues to grow and demand for housing increases.

The exemption is expected to have a positive impact on the housing market

The exemption is expected to have a positive impact on the housing market by making it more affordable for Russians to buy homes. The exemption will also free up money that Russians can use to spend on other things, such as consumer goods and services.

The exemption is also expected to have a positive impact on the economy as a whole. The housing market is a major driver of economic growth, and the exemption is expected to boost spending and investment in the sector.

The exemption is a welcome move by the Russian government

The exemption is a welcome move by the Russian government to support the housing market and boost the economy. The exemption is expected to make it easier for Russians to buy homes and free up money that they can use to spend on other things.

The exemption is also expected to have a positive impact on the economy as a whole by boosting spending and investment in the housing sector.

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