Issues of taxation of deposits have become relevant in recent years.
This is due to changes in the economic situation and an increase in the key rate.
Income from deposits that exceed 190 thousand rubles will be subject to interest tax, Izvestia writes.
This threshold has increased due to the increase in the key rate to 19 percent per annum.
The income that will not be taxed in 2024 will be 190 thousand rubles.
The non-taxable base for taxpayers is now calculated using the formula 1 million rubles multiplied by the maximum rate on the first day of the month.
Freedom Finance Global analyst Natalia Milchakova explained that if the interest income for 2024 was 200 thousand rubles, then personal income tax will only have to be paid on the amount that exceeds the taxable base - from 10 thousand rubles.
This will amount to only 1,300 rubles, she explained.
This year, the tax on the results of interest accrual on deposits is calculated taking into account the personal income tax rate of 13%.
If the income is more than 5 million rubles, the rate will be 15%.
Russians were reminded that the tax will have to be paid no later than December 1, 2026.
Passive income from a deposit will depend on the interest rate at which the money was invested.
