Starting in 2024, Russia will introduce a tax on income from deposits exceeding 210 thousand rubles.
The decision is connected with the increase of the Central Bank's key rate to 21%.
There is no need to pay tax if the income from deposits does not exceed 210 thousand rubles, Izvestia writes.
Also, if there is less than 1.1 million rubles in bank accounts, then you will not have to pay the fee.
The amount of non-taxable income may vary depending on the bank's terms.
A VTsIOM poll shows that 30% of Russians have deposits.
In 2025, tax revenues to the federal budget are expected to amount to 251.5 billion rubles.
High rates will attract citizens' funds to deposits.
As of August 1, 2024, the total volume of funds of the population in accounts and deposits amounted to 50.4 trillion rubles.
The Central Bank raised the key rate from 19% to a record 21% to contain inflation and reduce domestic demand.
