The State Duma proposed exempting the interest that investors will receive from long-term deposits for three years from income tax. About this “Parliamentary newspaper” said Chairman of the State Duma Committee on Financial Markets Anatoly Aksakov.
According to him, this will allow the Russian banking system to obtain financing for long-term, important projects.
“In fact, the banking system does not have the resources to support the economy with long-term loans. “That’s why I proposed encouraging this process by creating long-term deposits and exempting people from income tax on the interest they would receive if they deposited their money for three years or more,” he said.
The MP expressed his hope that the relevant proposal would be supported by other MPs and the government and that the decision could be implemented in the spring session.
Product manager “Deposits” in the financial market “Compare” Maria Tatarintseva previously spoke In a conversation with socialbites.ca, he said that the initiative to remove the tax on long-term deposits will increase people’s interest in them, but not immediately.
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