The State Duma allowed the preservation of only the five-year validity period of IIS-3

The State Duma Committee on the Financial Market, representatives of the Ministry of Finance and the Central Bank discussed maintaining only a five-year period for receiving benefits from opening a new type of individual investment account (IIS-3), regardless of the year the agreement was concluded. This was announced by the head of the State Duma Committee on the Financial Market, Anatoly Aksakov.

“We said that a period of five years for individual investment accounts of the third type may be sufficient – this period fits well within the framework of the next cycle of the investment project. Therefore, perhaps the term of IIS-3 does not need to be increased, leaving the possibility of investments for a longer period at the discretion of investors,” Mr. Aksakov wrote in Telegram channel.

Law IIS-3 came into force on January 1. Such accounts should provide tax preferences in the form of a combination of benefits of accounts such as IIS-1 (return to the account owner 13% of the deposited amount) and IIS-2 (exemption from tax on income from the account).

The minimum period for storing funds on IIS-3 to receive benefits depends on the date of account opening: when concluding an agreement in 2024-2026, it will be five years, in 2027 – six years, in 2028 – seven years, in 2029- m – eight years, in 2030 – nine years, in 2031 – ten years.