Yaroslav Nilov, Russian Chairman of the State Duma Committee on Labor, Social Policy, and Veterans' Affairs proposed a bill to raise the Individual Investment Account (IIA) tax deduction limit from RUB 400,000 to RUB 1 million, potentially boosting long-term investment in the country’s stock market from 1 January 2027.
Yaroslav Nilov, Russian Chairman of the State Duma Committee on Labor, Social Policy, and Veterans’ Affairs, proposed a bill to increase the maximum amount eligible for a tax deduction when opening an Individual Investment Account (IIA).
The draft legislation proposes raising the current limit from RUB 400,000, which provides a tax deduction of RUB 52,000 to RUB 1 million, resulting in a deduction of RUB 130,000.
Nilov noted that the IIA scheme was launched in 2015 and the deduction limit has not changed since, even though inflation has reduced its real value. He said the increase is expected to make IIAs more attractive to citizens and encourage long-term investments in Russian securities.
The explanatory note accompanying the draft states that the measure is intended to stimulate investment and support the development of the stock market. The inflow of long-term funds is expected to strengthen the Russian capital market.
If passed, the law will take effect on 1 January 2027.
