“The tax on interest income will be levied only on deposits whose size will exceed 1 million rubles,” TASS quoted the minister as saying.
He noted that this measure will not affect the interest income of citizens received in 2020, but will begin to operate only in 2021.
“Thus, the tax on interest income on deposits for 2021 will be withheld only in 2022,” Siluanov said.
The day before, Russian President Vladimir Putin, in an appeal to the Russians, proposed introducing a 13% tax on income on deposits and securities if the total amount of such assets of a citizen exceeds 1 million rubles.
The Kremlin has explained the scheme for collecting tax on income from deposits.