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New personal income tax deduction on sports expenses

New personal income tax deduction on sports expenses

Currently, social tax deduction can be obtained for the following expenses: treatment, education, charity, certain types of insurance, skills assessment.

Since 2020, the Ministry of Finance plans to introduce a new social deduction for physical trainings and health services expenses. Presumably, training in the gym or swimming pool.

Employees will be able to receive a social deduction in the amount of expenses they spent on payment of sports and recreation services. For example, if an employee has bought a subscription to a sports club, he will be able to return 13% of the contract amount.