Abstract
No plans to raise personal income tax rates (PIT), Prime Minister Dmitry Medvedev said recently. However, this subject was until recently extensively debated and is likely to be put on the table again in the future. A rise of PIT rate can negatively affect the poorest citizens. It is envisaged to change it together with the introduction of a tax deduction amounting to the subsistence level. However, according to our calculations such change will not bring a notable fiscal effect.
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