March 25, 2023

Date: January 8, 2023 Time: 23:32:53

The tax rate on deposit income will remain at 13%, but the maximum tax-free interest income will be calculated in a new way. Until 2021, the deposit tax had to be paid only if the deposit rate exceeded the key rate of the Central Bank by 5 percentage points. Now the maximum value of the key rate for the whole year will be taken into account.

For comparison: earlier, to determine this amount, it was necessary to multiply 1 million rubles by the level of the key rate at the beginning of the year (for 2021 this is 7.5%).

The due date for payment of tax on interest income received in 2023 will be December 2024.

Remember, for the first time, depositors had to pay tax on interest on deposits until December 1, 2022. It was reported that if the amount of income on all deposits of the depositor turns out to be less than 42.5 thousand rubles then you will not have to pay anything. If it is more, you will have to pay 13% of the difference.

For the calculation of the tax, term, savings, card deposits and other accounts that accrue interest will be taken into account. The only exceptions will be escrow accounts and deposits for which the rate does not exceed 1%. The tax will depend on the income actually received by the depositor on accounts in all Russian banks.

The new calculation scheme will allow minimizing the rates for citizens if the rate of the Central Bank fluctuates a lot. For example, if the key rate in 2023 will only decrease, and its maximum amount will be 7.5%, then the amount of non-taxable income will be 75 thousand rubles. In the event of an increase in the rate, the tax-free amount will also increase.

At the same time, the depositor himself does not need to declare anything. The amount of the tax will be indicated in a single notification along with taxes on an apartment, a summer house and a car.

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