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. Last Updated: 07/27/2016

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Can individual taxpayers here claim tax deductions for work-related purchases like a computer, books, Internet, telephony? How?

Tim Carty, tax partner at Ernst & Young, writes:
The basic principle in Russian personal taxation is to keep things as simple as possible. In other words -- what did you earn? Multiply this by 13 percent. That's it.

Nonetheless, there are theoretically a number of deductions available. Business expenses incurred by registered entrepreneurs may be deducted from receipts in determining taxable net income. For employees the deduction regime is much less friendly. Relief is delivered by means of tax-exempting the reimbursement of certain items, either in full or up to a level set out by official norms. However, that is really just about it.

All taxpayers are entitled to a deduction for certain types of expenditure, including some medical and educational expenses for themselves and their dependents, the acquisition and financing of real estate, and some relief can be claimed against the proceeds of the sale of assets, with special rules applying to share dealings. However, there are caps on the size of many of these.

The effort of claiming the deduction, often by submission of an application to your local tax authority along with your tax return, could make you feel sorry you ever asked for the saving.

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