Officials in Russia exempted from income reporting

The State Duma of the Russian Federation made significant amendments to anti-corruption legislation within a week. This was reported by Zamin.uz.

According to the new regulation, officials and representatives of the people in state bodies are now exempt from the obligation to report their income annually. Annual declarations will now only be submitted in "necessary cases."

The law adopted on December 18 grants privileges to civil servants, municipal employees, and representatives of large corporations with state shares. The system, in effect since 2009, which required officials and their family members to disclose income and expenses, will only be applied when there is a "special need."

According to one of the law's initiators, Vasiliy Piskaryov, this change allows for the abolition of the "outdated and ineffective control system." He emphasized that the fight against corruption will not stop but will be digitized.

From now on, the financial status of officials will be monitored through a special "Poseidon" information system. This system is managed by the presidential administration and will be closed to the public.

Nevertheless, in certain cases, reporting income will remain mandatory. For example, submitting declarations will be required when participating in elections, being appointed to a position, or making large purchases.

If the new law is approved by the Federation Council and signed by President Vladimir Putin, it will come into force on January 1, 2026. For reference, since 2022, officials in Russia have had the right not to publish their income online.

Additionally, individuals who participated in military actions in Ukraine or were unable to submit reports due to sanctions have been exempted from liability. The new law further strengthens these privileges.