Since 2022, Russians who have contributions to banks in the amount of over one million rubles, will have to pay the tax in the event that their interest income will be more than 85 thousand rubles. It is reported by RIA Novosti.
From January 1, 2021, the cumulative annual interest income of Russians on deposits in Russian banks is subject to tax on income of individuals (NDFL) at a rate of 13 percent. However, there is a non-taxable interest income, the calculation of which is carried out as a product of one million rubles and key rates of the Central Bank (Central Bank) established at the beginning of the year.
On December 17, the Central Bank raised the key rate to 8.5 percent per annum, thus increasing income from deposits in 2022 from 42.5 to 85 thousand rubles.
At the end of November, Jolga Polyakova’s deputy chairman announced the proposal of the regulator to create special bank deposits for low-income Russians. It is assumed that a person will be able to make only one such contribution, and its amount will be limited. In December, the head of the State Duma Committee on Financial Market Anatoly Aksakov said that the maximum amount of such a contribution could be 200-300 thousand rubles.