The Ministry of Finance Has Proposed a New Procedure for Withholding Taxes on Russian Deposits.
6 Articles
6 Articles
The Ministry of Finance proposed to change the retention of NPFL against interest on deposits as of 1 January 2027; the Ministry of Finance has prepared amendments to the second reading of the bill on the application of the progressive scale of personal deposits; the Ministry of Finance proposes to establish the role of tax agents as banks with effect from 1 January 2027; transfers RIA News to RIA; the initiative states that credit organizations…
The Ministry of Finance of the Russian Federation proposes to give banks time to set up their systems to calculate and retain NPFL with interest on a progressive scale – in 2027, they will calculate the tax at a rate of 13 per cent, and the tax service will calculate it on a progressive scale at the end of the year.
From 2027, Russian banks may begin to independently withhold interest tax on deposits at a single rate of 13%, and the Federal Tax Service will take over the final calculation, taking into account the progressive scale. The Ministry of Finance of the Russian Federation proposed to change the procedure for paying personal income tax after applications from credit institutions, the Ministry's press service reported.
The Ministry of Finance has proposed a change in the tax retention on interest on bank deposits.
The Ministry of Finance has proposed changes to the deposit tax since 2027.
The Ministry of Finance of Russia proposes to amend, for the second reading, the draft law on the introduction of a mechanism for the application of the progressive scale of taxation of citizens ' contributions - . . . . . . . 13.11.2026, PRIM
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
