The Ministry of Finance will not extend the deferral of tax on income on deposits
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The tax on income on deposits, the effect of which was postponed for two years, will need to be paid at the end of 2023 (until December 2024). Ministry of Finance reported “Izvestia”which does not plan additional concessions.
The law on the new tax was introduced in the spring of 2020 against the backdrop of the coronavirus pandemic. For the first time, it had to be paid in 2022 following the results of 2021, but its action was postponed for two years against the background of the imposition of sanctions against Russia in connection with the deployment of troops to Ukraine.
As Kommersant reported, the amount not subject to taxation is equal to 1 million rubles multiplied by the maximum value of the key rate in the year for which the tax is paid. Moreover, the taxable amount is calculated from income on all deposits. If the maximum rate in 2023 remains at the current level (7.5%), then the depositor will be exempt from paying taxes on the amount of 75 thousand rubles.
How to calculate the tax – in the material “Kommersant” “Investment for Christmas”.
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