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TASS
The state Duma at plenary session on Wednesday adopted in the third (final) reading of the law on exemption from payment of NDFL (the tax to incomes of physical persons) income, which will receive volunteers for participation in preparation and conduction of world Cup 2018 and FIFA confederations Cup 2017.
Duma adopted a law will be exempted from paying personal income tax payments, bonuses and compensation costs (including cash benefits) volunteers that help the organization or the events of the 2018 world Cup and Cup 2017. To income exempt from tax, the law will include in-kind revenues received by volunteers under civil contracts which are concluded with the FIFA subsidiaries, FIFA and organizing Committee “Russia-2018”.
According to the Deputy Minister of Finance of the Russian Federation Ilya Trunina, who had previously introduced a bill in the state Duma, the document is intended to fulfill an official government guarantee, which was given to Russia when submitting applications to host the world Cup 2018 and FIFA confederations Cup 2017.
The adopted law will amend article 217 of the Tax code of the Russian Federation. The new rule will come into force after one month from the day of official publication of the law, but not earlier than 1-go numbers of the next tax period for personal income tax. The provisions of the law will be applied until 31 December 2018 inclusive.
A bill introduced in the state Duma on 7 September 2016 the government of the Russian Federation.