Due to the increase in the Central Bank rate, depositors’ incomes exceeding 180 thousand rubles will be subject to tax on interest on deposits, Izvestia writes. Previously, the threshold was 160 thousand rubles.
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Income from deposits exceeding 180 thousand rubles will be subject to tax.
If earnings on deposits and savings accounts exceed this limit, you will have to pay tax – 13% on the excess amount. For income exceeding 5 million rubles, the rate will increase to 15%.
According to experts, only a small number of Russians will be subject to the tax, as only 3.6% of depositors have deposits worth more than 1 million rubles.
Russian authorities expect to receive a total of 312 billion rubles from interest tax on deposits over three years.
At a meeting on July 26, the Bank of Russia decided to raise the key interest rate by 200 basis points to 18% per annum. The Central Bank noted an acceleration of inflation and significantly revised its forecast.
If the current policy of the Central Bank is maintained, annual inflation will be 6.5% to 7.0%. The figure will not return to the 4% level until 2025, the Central Bank expects.
Author:
Karina Pardaeva
Source: RB
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