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WorldAsiadeposit income tax will not affect all depositors

deposit income tax will not affect all depositors

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Photo: nalog.gov.ru

Ravil Akhmadeev, an associate professor at the Department of State and Municipal Finance at the Russian Economic University, said that in 2023 not all depositors can pay tax on deposit income. Those who have to pay it will be calculated by the tax authorities and sent a notification, the financier pointed out in an interview with the PRIME agency.

Akhmadeev recalled that a new procedure for imposing personal income tax on deposits is now in effect. According to them, interest income is reduced by the amount of interest, which is equivalent to multiplying one million rubles by the maximum value of the Central Bank rate.

So, for example, on a deposit in the amount of 1.4 million rubles at 10% per annum, interest in the amount of 140,000 rubles will accrue. The maximum policy rate in 2023 was 7.5%. Thus, 75,000 rubles will not be taxed. The rest of the amount will have to pay tax at the rate of 13%, and this will amount to 8450 rubles.

The financier also pointed out that a progressive scale has been adopted for personal income tax. If the total income exceeds 5 million rubles per year, tax on it will be levied at a rate of 15%.


Earlier it was reported that the transport tax could be waived in Russia for participants in a special military operation. Deputies from the faction “Fair Russia – Patriots – For the Truth” sent a draft law on amendments to the Tax Code of the Russian Federation for consideration by the government. It is proposed to exempt Russian fighters from paying transport tax on cars with an engine capacity of up to 150 horsepower, motorcycles and scooters with an engine capacity of up to 35 horsepower, as well as boats engine with a displacement of up to 20 horsepower.

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