The increase in the Central Bank interest rate to 16% in December 2023 led to an increase in tax-free income from deposits from 75 thousand to 150 thousand rubles in 2023. This is evidenced by a study by Pochta Bank analysts; socialbites.ca has a copy.
According to analysts, this will reduce the number of taxpayers on deposit income by 6 times. In 2024, Russians will pay taxes on income from deposits and savings accounts for the first time. In the calculation, the maximum value of the key interest rate during the year will be taken into account. In 2023, income not taxed at 15%, respectively – amounted to 150 thousand rubles.
A 13% tax will be charged only on the excess amount. The interest income received, not the size of the deposit, is taken into account in the calculation. Taxes for 2023 will be paid by December 1, 2024.
According to Alexey Okhorzin, chairman of the bank’s board of directors, 2023 could be a record year for the withdrawal of public funds. He recommends paying attention to short- and medium-term deposits with the optimal combination of rate and maturity.
The tax will be calculated by the Federal Tax Service; Citizens will have to pay this only after receiving the notification.
It was previously reported to be in 2024. will change The procedure for calculating property taxes in Russia. For example, next year the amount of land fees will be determined according to the 2022 cadastral valuation.
Previously Blinovskaya controversial decision of the Federal Tax Service in court.