on Wednesday Russian President Vladimir Putin offered to citizens, whose total volume of Bank deposits or investments in debt securities exceeds one million rubles, to set the tax on interest income of 13%. The President stressed that it is not about the tax amount and the tax on the interest. According to him, this will affect only about 1% of depositors.
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“These decisions apply only to interest income, the contributions tax as before, no tax, besides the tax of 13% will cover only income earned in the year 2021, explained Gref, made earlier based on clarification from the Ministry. – Subject to tax total value of deposits in banks, if combined, they exceed $ 1 million and the portion exceeding $ 1 million. The ruble revaluation of foreign currency deposits be taxed will not.”
According to the explanations of the Ministry of Finance, the first payment of the new tax will take place only in 2022 in 2021.