The Ministry of Finance does not plan to extend the deferral of payment of deposit income tax, reported At the Ministry of Izvestia. Russians will have to pay the corresponding fee at the end of 2023. That is until December 2024.
As clarified in the ministry, citizens were supposed to pay taxes on deposit income in 2022, but on the background of a special operation and the imposition of Western sanctions, the fees were postponed for two years.
“The tax rate will be 13 percent. The non-taxable amount is 1 million rubles multiplied by the maximum value of the key rate for the whole of 2023.
According to market participants, citizens will not pay taxes in the amount of 75 thousand rubles if the key rate is at the level of 7.5% per annum.
As before knowledgeable “socialbites.ca”, until the end of 2022, deposit rates in Russian banks will be at 10% per annum. According to the Central Bank, the amount of money held by the population in Russian banks in September decreased by 458 billion rubles, or 1.4%, compared to August. This was a record outflow since the beginning of the special operation – in February 2022, the account and deposit balances of individuals decreased by 1.2 trillion rubles. Against this background, banks tried to retain their customers by constantly raising their deposit rates.