The Russian Ministry of Finance has agreed on the parameters for calculating the tax on long-term deposits
The Russian Ministry of Finance has determined the requirements for long-term deposits.
From 2025, they will be eligible for personal income tax benefits.
A long-term deposit in the Russian Federation will be considered one opened for a period of 15 months or more, RBC exclusively reports, citing a source in the government.
According to amendments to the Tax Code, interest on it will be paid at the end of the term.
The preferential deduction can be carried over in full or in part to the next year for income from a long-term deposit.
This condition will apply if the depositor did not have other deposits or earned less than the threshold amount on other deposits in 2024 and did not have to pay tax.
Holders of such deposits will be able to count on concessions when determining the tax on deposits.
Earlier, the heads of Sber and VTB were frightened by Nabiullina’s question about the key rate .
