Almost half of Russians (44 percent) were not aware that from January 1, 2021, a new tax on income from deposits of one million rubles or more appeared in the country. This is reported by TASS with reference to a study by Otkritie Bank.
Only 27 percent of respondents understand the methodology for calculating the new tax, the most knowledgeable are residents of the Moscow region, St. Petersburg and the Leningrad region (29 percent each). In the North Caucasus, only 8 percent are aware of this, and in the Southern Federal District – 18 percent.
56 percent of Russians have heard something about tax on income from deposits, 27 percent would like to know about it. Another 17 percent are not interested in the new collection because they have no deposits. The majority of the country’s residents (74 percent) do not plan to abandon their deposits, while 13 percent have already taken some of the money from their deposits.
The most popular investment tool among Russians after deposits was the purchase of real estate for rent (19 percent), another 12 percent are ready to invest in shares.
Earlier, the Ministry of Finance explained that not the bank deposits themselves will be taxed, but only interest on them. The department noted that when placing large amounts on deposits with monthly interest payments, Russians can avoid paying taxes or reduce them if the income from the deposit is distributed over two or three tax periods.