The Ministry of Finance proposed to impose taxes on citizens ' deposits

The Deputy Minister of Finance of the Russian Federation Ilya Trunin proposed to levy personal income tax on Bank deposits of citizens at the Krasnoyarsk economic forum. 24.Apr.17 8:52 AM By Christina Orlina Photo Toinnov.com    457

He noted that he considers wrong, the absence of taxes for such income. "Why are wages that are paid, any wages, even below average, 20 thousand rubles per month, 15, 10, - their withholding tax to incomes of physical persons ", - said Trunin. The Deputy Minister noted that even if the person receives millions of rubles in the form of interest on the deposit, he pays no taxes. To impose a tax on deposits the Ministry of Finance offered in the past. The Ministry then it is explained by the need to equalize taxes on the bonds, which amount to 13%, with taxes on deposits. Deputy Finance Minister Alexey Moiseev in autumn 2016, said the Ministry are considering the introduction of tax on deposits, as even with deposits in the billions of rubles of taxes are not paid, he says. The Deputy Minister called this situation an exceptional global practice. However, it was decided that the introduction of taxation of deposits will lead to an outflow of funds from the country. According to 214.2 of the Tax code income tax interest on ruble deposits, if the interest rate on the Deposit exceeds the refinancing rate of the Central Bank of the Russian Federation by 5 percentage points. For foreign currency deposits taxation is established, if the percent contribution exceeds 9% per annum.

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