Thursday, December 27, 2018

Finance Ministry prepares proposals

Finance Ministry prepares proposals on personal income tax revenues from deposits

Russia's Finance Ministry does not propose to levy personal income tax income from bank deposits. This is stated in the message department at the official page to Facebook.

"In connection with media reports draw attention to the fact that the Finance Ministry does not propose to levy personal income tax income from bank deposits, as well as to be confirmed in his speech at the Krasnoyarsk Economic Forum, Deputy Minister of Finance Ilya Trunin", - the report says.

Earlier Trunin said he did not understand why, even with wages lower than the average: 20 thousand, 15 thousand, 10 thousand rubles - is held on the income tax of individuals, and if a person receives 1 million rubles, interest income, it does not pay... ruble personal income tax on this income.

"We believe that in this direction we should go, because I do not understand why this kind of income do not charge at all. I can not find a rational explanation. I believe that even if we do not raise this question, it will still be put in political terms ", - said the deputy minister.

According to him, the Finance Ministry until this does not offer officially, but perhaps such proposals arise in the course of the tax reform.

Currently, under the law shall be taxable income of natural persons received on ruble deposits, if the bank's interest rate by 5 percentage points higher than the rate of the Central Bank refinancing. In this case, it shall be taxable only income derived from the difference between interest rates on deposits and the rate of the Central Bank plus 5 n. N. For deposits in foreign currency This position operates in excess of rates on deposits of 9% per annum.

Ministry of Finance: physical persons are required to pay personal income tax on income on deposits

The Finance Ministry believes that the physical persons are required to pay personal income tax on income from deposits, the issue will still be placed. He told reporters Deputy Finance Minister Ilya Trunin.



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