Russian President Vladimir Putin signed a law abolishing the tax to incomes of physical persons with one-time payments to retirees in five thousand roubles, informs “the Russian newspaper”.

s=”maintext”>As noted by RBC, this article 217 of part II of the Tax code of the Russian Federation (“Income not taxable”) was made a necessary addition. The document published on the official portal of legal information. The law on amendments to this article was passed by the Parliament on 16 November and approved by the Federation Council on 29 November 2016.

November 22, the President signed the Federal law on the replacement of the second this year of indexation of pensions for a one-time payment of five thousand rubles, adopted by the state Duma on 11 November. In January 2017, it will receive all categories of pension recipients residing in the territory of Russia, including military retirees.

Payment will be made by the pension Fund on the basis of documents contained in the payment or retirement business, so tailored to appeal to the Pension Fund or to apply for getting money not required, that is, the money will come to the recipients along with a pension.

The Ministry of labor has explained that the pensioners receiving pension below the average (about 13 thousand), of such replacement even win. Next year the indexation for actual inflation will return.

The payment of five thousand rubles is considered to be compensation for the government’s refusal of indexation of pensions in 2016, the inflation rate of the previous year. In 2016, pensions were indexed at 4% is written in the law of inflation for the previous year, in 2015 – by 12.9%. In addition, from 1 January 2016 was cancelled indexation of pensions for working pensioners.

Putin to exempt from taxation the January one-time payment to retirees 01.12.2016

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