The tax, which was introduced on income from deposits of Russians on deposits over one million rubles, by the end of 2021 will partially apply to savers with a much smaller amount. With such information, the RBC publication released the material.
Any deposits can be subject to tax if interest is accrued on them for more than 42.5 thousand rubles. This happened due to the doubling of the key rate of the Central Bank during the year and the simultaneous increase in bank rates.
According to the law, no tax is levied on the amount of income received by multiplying the rate of the Bank of Russia at the beginning of the year (4.25%) by 1 million rubles.
Lidia Kashirina, Deputy Director of the Department of Retail Client Solutions and Digital Business at Rosbank, said that from such calculations, it turns out that deposits with an amount of more than 700 thousand rubles can be taxed.
This threatens the investor who has invested 710 thousand rubles. with a rate of 4.5%, and in August he shifted the funds at a higher percentage (8%), since promotional deposits appeared, and earned 42.85 thousand rubles for the year. Now he has to pay tax.
Earlier it was reported that from 2022 Russians will start paying taxes on bank deposits. Until December 1, 2022, those who have accumulated more than a million rubles will have to unfasten 13% from a certain amount. Economists explained to us the details of the innovation – for example, whether it would be necessary to pay tax on payroll accounts, and we compiled a new tax calculator using the example of different amounts. They will receive invoices by autumn 2022.
How many deposits you have in total and for what amount – it does not matter. It is important whether the total amount of interest you receive exceeds the non-taxable minimum. If so, then you will have to pay tax. Moreover, it will not be you who will determine this, but the Federal Tax Service, which will calculate everything itself and issue you an invoice. The tax rate is 13%, but when calculating the amount payable, the refinancing rate at the beginning of the year is taken into account.