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HomeLatest NewsExpert Balynin explained how to calculate tax on deposit income - Rossiyskaya...

Expert Balynin explained how to calculate tax on deposit income – Rossiyskaya Gazeta

Date: July 3, 2024 Time: 16:14:10

He reminded that the income received from the product of 1 million rubles and the value of the key rate is not subject to tax. So, based on 2023 income, this amount was 150 thousand rubles (1,000,000 * 15%).

If a citizen’s income from deposits exceeds 150 thousand rubles, only the amount exceeding this mark is taxed.

Now Russians do not need to file a declaration to pay personal income tax on deposits. The Federal Tax Service independently makes calculations and sends the appropriate notification.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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