The need to pay deposit tax for 2023 will arise for taxpayers who receive a total income of more than 130 thousand rubles from all bank accounts. In our meeting with the agency about this issue “Hit the primer” said Vadim Vinogradov, Dean of the Faculty of Law of the Higher School of Economics of the National Research University.
When calculating the deposit tax, this year they take the maximum lock rate in the Central Bank of the Russian Federation and multiply it by 1 million rubles. The highest rate to date was 13%. If the Bank of Russia does not increase the rate before the end of the year, the amount of non-taxed income will not increase. Otherwise, the amount of non-taxable interest income will increase accordingly.
“If the depositor’s annual income in all bank accounts is below this amount, he will not have to pay tax this year. “If it exceeds it, the tax rate will be 13 percent of the income,” he said.
It calculates the tax on deposits from the Federal Tax Service, to which banks will transfer all data on customer income. The Tax Service will send a notification requiring you to pay the tax by December 1, 2024.
Previously, Russian officials is planning will receive a total of 312 billion rubles from the interest tax on citizens’ deposits.
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