Expert reminds what tax Russians will have to pay for the first time in 2024
In 2024, Russians who have bank deposits will face the need to pay a new tax.
We are talking about the tax levied on income from interest on deposits.
Elman Mekhtiev, founder of the Kredcheck service, spoke with the PRIME agency about how to pay and calculate it.
According to the expert, the tax on deposits for 2023 is calculated as follows. It applies to any income in any currency except 150 thousand rubles.
The non-taxable amount depends on the size of the key rate in effect before December 1, which must be multiplied by 1 million rubles.
Mekhtiyev recalled that last year this figure was 15%. Consequently, the amount of non-taxable income is 150 thousand rubles.
The deadline for paying this tax is December 1.
For reference
A bank deposit is a sum of money transferred by a person to a credit institution in order to receive income in the form of interest generated during financial transactions with the deposit.
