Pensioners may be exempt from paying tax on income on deposits

On trend on withdrawals from deposits, the Association of Russian banks (ADB) said in a letter to the Chairman of the Central Bank Elvira Nabiullina.

– Withdrawal of money from Bank deposits reflects the concern of people and they can understand, – said the leader of the faction “Fair Russia” Sergey Mironov. But it’s the emotional reaction, and money require a rational approach. Urge citizens not to be panic.

Photo: Ilya Pitalev/RIA Novosti Gref explained to the investors a new tax on large deposits

He reminded that the new tax plan to charge in 2021. In this regard, the MP proposed to wait with the decision until the end of 2020. By this time, the fate of a new tax, apparently, will be finally known and understood. Now, in his opinion, no need to hurry to withdraw money. Moreover, the economic downturn is unlikely, you can quickly find a more reliable way to save money, said Mironov.

– secondly, know that the head of state is closely monitoring the developments, and do not exclude correction of such decision, – said the head of the faction. For example, not only to enhance the way we offer up to 1.4 million rubles worth of deposits, for which it charges a tax on income, but exempt from this tax all pensioners.

by the Way, the fact that pensioners may be exempt from paying tax, has made the head of the Duma Committee on financial market Anatoly Aksakov.

a member of the state Duma Committee on budget and taxes Mikhail Shchapov also sure that the decisions regarding the fate of their Bank deposits must be taken without panic, which can lead to a massive outflow of Bank customers. This in turn will increase risks in the banking sector, he said.

– against this background, the government needs to BLiiisee time to offer a complex of measures on guarantees of safety of contributions themselves, – said the MP. You might need to raise the threshold of insurance or to demonstrate that funds for the payment of insurance premiums is enough. It is important that people feel confident and not massively cashed out his Bank accounts.

Recall the background: Russian President Vladimir Putin on March 25 proposed to levy personal income tax at 13% interest income on deposits and bonds in excess of 1 million rubles. Finance Minister Anton Siluanov said that the first to pay this tax for the owners of deposits will have in 2022 (for 2021). The tax will be levied on the amount of Bank Deposit (Deposit), but only receive this contribution percentage.