In Russia, income from deposits over 210 thousand rubles will be taxed

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In Russia, income from deposits over 210 thousand rubles will be taxed
October 30th. /MEDIA TALK/. On Wednesday, October 30, it became known that by the end of 2024, income from deposits over 210 thousand rubles will be taxed in Russia. Izvestia wrote about this.

The media explained that the non-tax base has changed in the country, as the regulator raised the rate to a record 21%. Thus, you will not have to pay tax if the deposit is no more than 1.1 million rubles, explained Freedom Finance Global analyst Vladimir Chernov. At the same time, the expert warned that the figure is individual and varies depending on the conditions of financial organizations.


Photo: ru.freepik.com

It is expected that in 2025 taxes on interest income from deposits of Russian citizens will bring 251.5 billion rubles to the federal budget. This is twice as much as it is planned to collect in 2024.

Recall that in mid-September, the Federal Tax Service began sending notifications about the need to pay tax on deposits. The media wrote that the agency's message contains information about the bank where the deposit was made, the amount of interest and the final amount of the fee to be paid are indicated.
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