For most Russians, the question of which bank to place funds in is easily solved. Where the return on investment is higher. But high stakes also have back side- such deposits may be subject to tax. Features of taxation of deposits in Russia in 2015 - in our review.
A bank deposit is for many Russians the most understandable and affordable investment tool. You can place funds at interest in almost most banks, and the risks are minimal. The deposits of individuals are protected by the state: if the bank is in the deposit insurance system, then if it loses its license, the funds placed in it will be compensated to the depositor. That is, you can take a risk and place money at the maximum rate on the market? You can, but such deposits are usually subject to taxation.
The fact is that Russian legislation provides for the payment of personal income tax on a number of deposits. More precisely, if the ruble deposit rate exceeds the refinancing rate of the Central Bank of the Russian Federation (by this moment is 8.25%) plus 10% (i.e. >18.25%), for a foreign currency deposit it exceeds 9%, then the depositor is obliged to pay tax on the difference in the amount of 35% (30% for non-residents of the Russian Federation). More precisely, his bank will withhold this amount when paying interest (according to Article 224 of the Tax Code of the Russian Federation).
Taxation is carried out at the time of payment of interest on the deposit - the client receives interest from the bank minus tax. Depending on the deposit, interest can be paid once a month, once a quarter or at the end of the deposit term. The obligation to calculate, withhold and transfer to the budget tax on income from bank deposits rests with the bank.
Old procedure for paying tax on deposits
Until December 2014, the threshold above which tax was paid on the deposit was at the level of 13.25% per annum (8.25% + 5%) in rubles and 9% in foreign currency. After the Central Bank raised the key rate (December 16, 2014) from 10.5% to 17%, a paradoxical situation arose: banks raised rates on deposits of individuals (up to 20-22%) and almost all deposits are now subject to taxation (over 13.25% ). The refinancing rate at which personal income tax is calculated for deposits remained at 8.25%, since technically it cannot be changed earlier than January 1, 2016. And for this period (12/15/2014 - 12/31/2015), it was decided to increase the threshold tax-free income from deposits up to the refinancing rate plus 10% (i.e. >18.25%). For foreign currency deposits - no change, >9%.
The state went on easing: in conditions when it became not so profitable for banks to raise funds from the Central Bank at an increased rate, and household funds became the main source of funding, high deposit rates were designed to attract individuals. But not everyone was ready to place funds in a bank, albeit at a high percentage, since personal income tax on deposits ate up part of the income. And the increase in non-taxable income on deposits to the level of 18.25% per annum in rubles was intended to solve this problem. Now only those who have a deposit rate above this level will pay the tax. Although this measure is temporary - until December 31, 2015.
Which deposit will be more profitable - with a high return and the need to pay tax, or with a lower return?
Suppose that you were attracted by two offers: a ruble deposit at 19% and at 18% per annum. To decide which one to choose, you need to calculate your income from the placement of funds, taking into account the fact that in the first case you will have to pay tax (since the income on the deposit will exceed 18.25%), and not in the second. For example, you are ready to place 100 thousand rubles in a bank.
For the first deposit at the end of the year, you will receive an income of 118,737.5 rubles.
- 19% - 18.25% = 0.75%; the tax base
- 100,000 * 0.0075 = 750 rubles; taxable income
- 750 * 0.35 = 262.5 rubles; amount of tax
- 100,000 * 0.19 \u003d 19 thousand rubles; return on investment
- 100,000 + (19,000 - 262.5) = 118,737.5 rubles; income after tax.
For the second deposit income will be 118,000 rubles.
1) 100 000 * 1,18 = 118 000.
Therefore, in our case, even after paying the tax to the state, a deposit with a higher interest rate turns out to be more attractive.
The nuances of taxation of deposits
- To calculate the tax, only the nominal rate on the deposit is important, which is specified in the agreement, even if the effective rate on the deposit is higher than the norms established by law. For example, when capitalizing interest, income will be added to the amount of the deposit and increase the final figure. This means that the nominal rate on the deposit (specified in the agreement) will differ downwards from the effective rate (taking into account interest capitalization). But even if the nominal rate is 18% per annum, and the effective rate is more than 18.25%, there is no need to pay tax.
- For deposits with a term of up to three years, it is only important what the refinancing rate was at the time of conclusion or extension of the contract. The refinancing rate may change over the time of the deposit (for example, grow so that your deposit is subject to taxation). But if at the time of opening a deposit (or its extension) the bank offered a rate that was not subject to taxation, then you would not have to pay tax.
- Some banks have a flexible rate of return. You can replenish the deposit, and your final rate will grow. If, after such an increase, the rate has reached the point after which income should be taxed, the bank is obliged to withhold the amount of tax for the period from which the increased rate began to operate.
- Early termination of the deposit, as a rule, implies recalculation of profitability down. And if earlier your contribution was subject to taxation (yield above 18.25%), then in case of early withdrawal of funds, the rate may decrease (for example, to 2/3 of the declared one) and the contribution will no longer be taxed. If at the time of termination of the contribution, personal income tax has already been transferred to the budget, it can be returned upon a written application from the taxpayer.
- Taxpayer's income from placing funds in a bank in foreign currency (to pay tax) are recalculated into rubles at the rate of the Central Bank Russian Federation established on the date of actual receipt of income. This may be the last day of the month/quarter or at the end of the term.
Whether a commercial company or not, contributions become a source of additional profit. Each banking organization in Russia develops special offers for legal entities to open deposit accounts.
Financial institutions build mutually beneficial relationships with other organizations by providing affordable conditions for financial investments.
Types of savings accounts
Dear readers! The article talks about typical ways to solve legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:
It's fast and FOR FREE!
Banking institutions have developed various options for deposit programs for legal entities:
| Open deposit | The funds are transferred to a deposit account, from which the company subsequently receives interest. There are 3 types of such a contribution:
|
| Closed deposit | A banking organization receives a sealed container with a seal for savings. |
| Safe deposit | The company has the opportunity to place valuables for storage in a bank safe. |
When opening any deposit, the organization is obliged to report this to the tax authorities. Failure to do so may result in sanctions ranging from fines to criminal liability.
Concepts of taxation of deposits of legal entities
Russian law establishes that tax may be levied on income from deposits. This happens if the interest on the deposit is set higher than the refinancing rate.
It must be increased by 10 points if a deposit account is opened from December 15, 2019 to December 31, 2019, or by 5 points if the time of the deposit is in 2019.
The central bank rate is currently 8,25% . When adding 10% coming out 18,25% .
The conclusion is this: if the rate on the deposit is higher than the amount received, then the income will be taxed. If the value is lower, then no tax is charged. It is calculated from the percentage differences.
Accordingly, at an interest rate 19,5% will have to pay for the difference 1,25% .
Tax collection is automatic and does not require additional documentation
Type of tax payment by the enterprise
Companies are subject to a number of taxes. Their list depends, among other things, on the tax collection system chosen by the organization.
General system of taxation
For businesses operating on the basis of the General Taxation System (CGTS) when levying taxes, finances sent to a deposit account or deposited by a financial institution do not qualify as assets of that business. This information is contained in Art. 270 para. 12 and s. 251 clause 1 clause 10 of the Tax Code of the Russian Federation.
The contributor is not taxed, provided that:
- money is deposited into the depositor's account;
- finances are transferred to the deposit account by banking institutions;
- income is transferred to the deposit account.
Revenue from the deposit account is included in unrealized profit.
If taxes are calculated on the basis of documentation in which the validity period covers more than one reporting period, income is considered received and is added to the total income at the end of the month of a certain reporting period. It also takes into account the date of completion of the contract or its early termination.
Taxation of interest on deposits of legal entities is carried out according to the statement on the movement of finances on the company's account.
USN
Taxation for enterprises that support the simplified taxation system (STS) is formed depending on the income received from the sale of products and unrealized profits. This is established by Art. 250 of the Tax Code of the Russian Federation. Receipts from deposits are included in unrealized profits.
It is important to bear in mind that taxes are not levied on the amount of money (the size of the contribution) transferred to the organization, since it is not considered profit from the sale of products.
When interest is received on the depositor's account, taxes are not collected from them, since the enterprise cannot use them. Collection of taxes is possible only from the date when the money is transferred to the company's current account.
If the agreement with the bank is terminated prematurely, then the interest on the deposit is reduced. The company does not suffer any particular inconvenience, since this income is recognized on the day the funds are actually received into the account.
In some situations, other companies may transfer funds to the enterprise's deposit account as payment for the services provided. This is already considered profit and tax will be collected.
UTII
When an enterprise operates on the basis of a single imputed income tax (UTII) and makes an investment in any financial institution, this leads to interest - additional profit. This moment is treated as unrealized profit.
Due to the fact that the profit received from the deposit account is not considered income from the activities of the enterprise, it is subject to taxation. Companies engaged in several types of work in the same period undertake to keep separate records of obligations, property and financial transactions.
The type of activity subject to taxation under UTII, and the type of activity where income tax is levied, are considered each separately.
If an organization operates on the basis of the simplified tax system or UTII and receives a certain percentage of the deposit account, then this type of profit is considered as in the simplified tax system.
postings
To track the movement of funds received from a deposit or, conversely, received on an investment account, it is advised to use subaccount 3 account 55 on deposit and special accounts in banks.
Funds received on deposit are considered a cash investment. Tracking information on financial transactions corresponds to account 58 on financial investments.
In this situation, the right decision would be to use sub-account 5 on a bank deposit. Features of the use of a particular account should be indicated in the documents of the organization.
Based on the previously mentioned data, the accounting entry will be: Debit 58-5 (55-3) Credit 51.
It is also important to consider:
- Transfer of money to the depositor's account. When an enterprise makes a demand deposit, this deposit is considered to be a highly marketable financial investment. Interest is added to other income and must be recorded in the debit of account 76 on settlements with debtors and creditors, and on the credit of subaccount 1 of account 91 on other income and expenses. Sample: Debit 76 Credit 91-1.
- Interest calculation. Profit from them in the previous year in the posting is displayed as a different expense and loss. The following scheme is fixed: Debit 91-2 Credit 76.
- The amount of interest reduction upon cancellation of the contract before its completion is included in other expenses.
So the accountant can reflect in the accounting the finances received from the investment.
How to choose a percentage
If the company makes plans to earn money on deposit accounts, then you do not need to rely on a large amount of interest. The law establishes a certain limit (refinancing rate). In 2019, it matches 8,25% .
If the profit from the deposit account exceeds the amount of investments by 5 points of the interest rate, then this profit is subject to taxation. The tax is charged at 35% , because profit is not related to earnings. A large percentage of investments does not bring benefits to the enterprise in all situations.
Considering the data from the tax code, reflecting the taxation of deposits of legal entities, the following points can be noted:
- The tax rate on interest received is set at 35% .
- Profit taxation directly depends on the amount of refinancing and the degree of its excess. The rate is defined as 8,5% .
- Each investment implies a separate calculation of the collected tax. Any amount transferred to the company's account is taken into account.
Enterprises become profitable depositors for banking institutions. They have a stable income and regularly replenish the deposit account. Many banks provide the most attractive conditions and interest rates for regular customers.
Calculations
As an example of calculations, we can take the following situation: in 2019, an organization draws up a deposit account for one million rubles with an interest rate of 18% for a period of 3 months.
The deposit rate is more than that established by law. It is necessary to trace the specifics of tax collection. Percentage calculation: 1,000,000 * 18 = 18,000,000; 18,000,000 / 100 = 180,000; 180,000 / 366 = 491.8; 491.8 * 90 = 44,262 rubles. The values 366 and 90 indicate days.
Calculation of the percentage amount, taking into account refinancing: 1,000,000 * 16 = 16,000,000; 16,000,000 / 100 = 160,000; 160,000 / 366 = 437.1; 437.1 * 90 = 39,344 rubles. The amount subject to taxation is 44,262 - 39,344 = 4918 rubles. Subject to tax rate 35% , the amount of the tax will be 4,918 * 35/100 = 1,721 rubles.
When making deposits in foreign currency, it is important to take into account that throughout 2019, tax is charged on investments with a rate exceeding 9%.
Companies planning to receive additional profit from investments and not pay tax are advised to pay special attention to the amount of interest that banks set.
For investments in rubles, the interest should not be more than 16% , for deposits in foreign currency – 9% . In such situations, it is not expected to levy taxes on profits.
APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and 7 days a week.
The main difference in the terms of placement of funds for individuals and business representatives is the degree of capital insecurity. The fact is that the funds of individual entrepreneurs and enterprises do not participate in the savings insurance system, therefore, in the event of a bank liquidation, they will be returned to their owners in order of priority - only after settlements with private depositors are completed.
Principles of taxation of banking transactions with individuals
All income is taxed, and capital gains in the form of interest on private deposits are no exception. In 2016, the rules for calculating this type of tax payments have changed significantly. Withholdings are made from the income received:
- residents of our country on its territory;
- foreigners doing business in Russia;
- Russian citizens outside our state.
The deposits of individuals that are opened are subject to taxation:
- in foreign monetary units;
- in the form of unallocated metal accounts.
In accordance with Article 214.2 of the Tax Code, income tax will be withheld from the amount of ruble savings if the interest rate on the deposit exceeds the current refinancing rate by 5 points. It should be taken into account that the value of this indicator, starting from January 1, 2016, is equal to the key rate of the Central Bank of the country (currently the key rate is set at 10% per annum).
Under ruble agreements, which were executed by clients in Russia in the period from December 15, 2014 to the end of 2015, deposits are taxed differently. For comparison, an indicator is taken equal to the refinancing rate increased by 10 points.
As an example
Option number 1
An individual enters into a deposit agreement with a bank in the amount of 55,000 rubles for 6 months at 8% per annum. At the end of the term, the investor will be able to receive interest in the following amount:
(55,000 * 8 * 180) / 365 * 100 \u003d 2,169.86 rubles.
The calculation used an approximate period, without taking into account the exact number of calendar days in each month. Since the interest income on the deposit, according to the terms of the concluded agreement, is less than the limit value (10% + 5%), no income tax will be charged.
Option number 2
The deposit agreement is concluded in the same amount for the same period, but at 17% per annum. After the expiration of the established period, the deposit will accrue income in the following amount:
(55,000 * 17 * 180) / 365 * 100 \u003d 4,610.96 rubles.
Since the interest rate, according to the terms of the deposit agreement, is higher than the limit value by 2 points, the difference between the accrued amount and the established maximum value will be subject to income tax.
(55,000 * 10 * 180) / 365 * 100 \u003d 2,712.33 rubles.
4,610.96 - 2,712.33 = 1,898.63 rubles.
When calculating the tax on income received by the FL client at the end of the term of the deposit agreement, the following interest rates are applied:
- 35% per annum if the investor is a resident of the country;
- 30% per annum if individual has the status of a non-resident.
A bank client is considered a resident if he resides in the territory of the state for at least 183 days during the last 12 calendar months.
If interest income is received from savings in foreign currency, then only deposits with an interest rate above 9% per annum are subject to taxation.
Given the fact that today they bring their owners a lower income, and this trend has continued for many months, it will not be necessary for bank customers to pay tax on interest received soon.
It is important: due to the fact that the functions of a tax agent are now assigned to bank employees, depositors do not need to worry about the timeliness of payment and the correct calculation of payments to the budget. The amount accrued on interest income on deposit funds is deducted from the total amount of savings, and the client receives profit already minus tax.
Principles of taxation of banking transactions with legal entities
The banking product "Deposit of a legal entity" allows business representatives to increase their existing capital without making any special efforts. The main advantages of this type of service are that:
- the deposit can be made in any currency;
- it is realistic to conclude an agreement in any bank, regardless of where the company has a current account;
- a minimum package of documents is required to complete the transaction;
- the company's money will "work" even when the business activity of all companies is sharply reduced - in holidays and weekends;
- capital can be withdrawn from circulation for any convenient period, and the owner Money there is a chance to make a deal for the minimum possible period (1-3 days).
Free financial resources are deposited to an open deposit account by non-cash transfer after signing a bank deposit agreement. When registering a deposit account, a legal entity is obliged to report this fact to the tax authorities in order to avoid penalties and criminal liability. The procedure for calculating tax amounts depends on the system chosen by the enterprise.
Taxation of deposits of legal entities, located on the simplified tax system, is carried out on the basis of profit received from the sale of goods and services. Non-operating income is also taken into account. The calculation of the amount of tax on the concluded deposit transactions is carried out at the moment when the money arrives at the settlement account of the enterprise. Interest income credited to the deposit account does not belong to the company and cannot be subject to income tax.
In the Russian Federation, almost all income must be subject to a special tax. This applies to the activities of individuals and legal entities, residents and non-residents of the country, who receive income in an official way, to labor activities and any other activity that brings active and passive income.
Therefore, deposit agreements that accrue annual interest rates and capital should also be subject to income tax. But not all deposits are taxable, which can be read about in a special section.
Dear readers! The article talks about typical ways to solve legal issues, but each case is individual. If you want to know how solve exactly your problem- contact a consultant:
APPLICATIONS AND CALLS ARE ACCEPTED 24/7 and 7 days a week.
It's fast and FOR FREE!
Therefore, in order to avoid possible troubles from the tax authorities, their sanctions and fines, it is necessary to learn more in advance about the taxation of passive income in the form of capitalization of the percentage of deposits in Russia.
It is very important to learn more about what exactly is subject to taxation, how such a tax is correctly calculated, and what rates are provided for these purposes by the Central Bank.
Is it taxable
Deposit programs of banks allow you to solve several problems at once - reliable safety of the depositor's free funds that are his property, insurance of this property and profit from the amount placed on the deposit account in the form of accrued interest.
It is from the interest that increases the amount of the deposit that a part is taken in the payment of income tax, which is transferred to the state budget.
In this case, the following types of valuable property of the depositor can be deposits:
- money in different currencies, and not only in domestic banknotes;
- special papers - shares, etc.;
- non-ferrous metal - gold, silver, platinum are now in use.
Pretty good interest is usually charged on deposits so that the client can receive a good profit. Income tax on a deposit is a percentage of tax that is taken from the amount that is not the original property of the depositor, accrued to his account in the form of capital rates.
Such an amount from which the tax is withdrawn must not be less than the established limit. In this case, it is also necessary to take into account whether the deposit is replenishable or not.
Because the increase in the amount on which the interest is charged depends on it, and then the increase in the profitability of the account.
The entire process of taxation of deposits is carried out in the manner and on the basis of certain legislative acts.
The functions of the articles of laws in the field of collecting taxes on deposit profits are best considered in a special table.
Articles of laws on income taxes from deposit accounts:
|
Name of the law |
Law article number |
Explanation regarding taxation on deposits |
| Tax legislation - Tax Code of Russia | Determining the tax base. | |
| The amount of tax and the obligation to pay it are determined strictly from the excess of interest per annum on the deposit over the refinancing rate (key rate) set by the Central Bank of Russia. | ||
| Tax rates have been established for residents and non-residents of Russia. | ||
| The types of income that cannot be subject to taxation as an exception are listed. AT this case Item 65 of Article 217 of the Tax Code of the Russian Federation will be interesting, where it is said that compensation payments to depositors are not subject to income taxes. |
The main legislative act in the case of taxation of deposits is Article 214.2 of the Tax Code of the Russian Federation.
This standard establishes that the tax base is the amount of income, which, in terms of percentage indicators, exceeded by a certain amount the percentage of refinancing accepted from the Central Bank.
In other words, the tax must be paid not on the entire amount of profitability, but only on its part, which is an excess of the established threshold value.
And only for deposits made in precious metals, the tax will be calculated on the entire amount of profitability, and not on its difference between the bank rate and the Central Bank rate.
Note! Since 2019, the concept of "refinancing rate from the Central Bank of the Russian Federation" has been abolished in official banking documents.
Instead, the term is now used - the "key rate" set by the Russian Central Bank, which is a very dynamic indicator that changes from year to year.
In this material, the definition of "refinancing rate" is used for the convenience of understanding what the content of the material is about.
What types of deposits are taxed
In Russia, taxes on income from citizens who qualify as “individuals” are exempt only from a specific amount of income that an individual can receive. This suggests that not all types of deposits are subject to the taxation procedure.
And that the most close attention on the part of depositors is worthy of those accounts on which there are quite large amounts, on which fairly decent income payments from the bank are accrued.
Therefore, we will consider the types of deposits subject to the procedure of mandatory tax payment to the state budget from income received from depositories.
Types of deposits subject to income tax:
Thus, the mandatory taxation will not be affected by the timing of the deposit, the functions of its auto-prolongation, and sometimes even partial withdrawal or replenishment, depending on the volume of additional amounts or amounts used in debit transactions.
Income taxation is strongly affected by:
- the amount of the amount in the account;
- the rate set by the bank in the form of annual interest on the account;
- the refinancing rate set by the Central Bank.
Income is considered to be exactly the amount in cash, which multiplies the size of the deposit by accrued interest, in turn, interest is accrued on the amount of money in the account.
Therefore, both of these parameters are important at once - the amount of money in the deposit account and the value of annual rates.
The refinancing rate according to the Central Bank of the Russian Federation may change every year, to a greater or lesser extent - everything will depend on this financial government institution.
So over the past 5 years, the highest such rate was in 2019, while in 2019 they changed downward.
Whether this is good or bad, you need to track it in practice when calculating the amount of income tax, which entirely depends on this rate.
Note! The key rate from the Central Bank of the Russian Federation for 2019 is 9.75%. If we add 5% of the exaggeration in the ruble account to it, we get - 14.75%.
This is exactly the rate on the deposit (deposit) that the bank should begin to transfer income tax from its profitability to tax structures.
But in practice, you can find that banks simply do not set such rates for deposits as for legal entities.
The maximum can be found 11% or 11.5% of the income rate on the deposit. So are the physical ones. It turns out that in most cases deposits in Russia are not taxed.
How much is the rate
The tax rate for accounts that contain not money, but precious metals, will be equal to 13% of the total amount of income.
In this case, the tax is taken from the entire amount of profitability received on the deposit, and not only from its part exceeding the refinancing rate, as is done with respect to deposits in the money supply.
Based on Article 224 of the Tax Code of the Russian Federation, the rates of the deposit tax itself are:
Interest is taken strictly from material benefits, the parameters of which also include the concept of a deposit or contribution.
At the same time, a resident is considered to be the person who officially and with a residence permit lives in the country in a row for all 183 days a year.
Accordingly, non-residents are citizens who traveled abroad for 183 days in a calendar year, did not have official registration of their stay in Russia, but only a civil passport of their country.
How to calculate
At the beginning of 2019, the key refinancing rate is 9.75% per annum, while back in 2019 this value was slightly higher - for the period from 01.01.16. – 11%, from 14.06.16 - 10.5% and from September 19, 2016 - 10%.
Today there is a rate of 9.75%, which is the basis for calculating income tax from deposit accounts.
In each individual case, a special financial department of a particular bank is directly responsible for calculating taxes on income from deposits.
In Russia, banking institutions do not practice setting too high rates for capitalization and return on deposits.
The maximum figures compiled by extras and analysts range from 11% to 11.5% as of March 2019.
And in order to begin to withdraw tax from the income on the deposit, it is necessary that the interest on deposits be at least within the limits of 14.75% on the ruble account, which the bank deposit market will not allow.
The conclusion suggests itself - in most cases, deposit tax is simply not required to be paid on ruble accounts.
This is only possible if the bank also offers capitalization interest for interest on the deposit, which in total gives a nominal rate that can approach the threshold for paying taxes.
The client must pay such a tax from his income received on the deposit, however, in practice, the bank itself will automatically do this for him. The amount of tax to be transferred to the state budget is calculated by the bank itself.
All reports on such calculations can be requested by the depositor for examination and verification at any time - the bank freely provides the owner of the deposit funds with such information.
The procedure for transferring tax amounts to the structure of the tax authority at the location of the bank is also carried out independently. financial institution and not her client.
In exceptional circumstances, it is possible to refund the amount of tax, its recalculation at other rates and other exceptions.
What is the tax on the deposit of a legal entity
Not only citizens of Russia, but also all enterprises, companies and firms registered in the State Register as legal entities are required to pay income tax on income received from deposits.
For organizations, the order is also defined that you need to pay tax on profits received from a deposit, only from its part, and not from all income.
For this group of depositors, the same rules apply when to pay taxes on deposits, and when not, as in cases with deposits of individuals:
- if the rate of return on ruble accounts exceeded 5% of the refinancing Central Bank rate;
- if on foreign currency accounts (US dollars and Euros) the rate of return has become more than 9% of the refinancing rate of the Bank of Russia.
The amount of the tax itself for legal entities is defined as a percentage of at least 35 orders of magnitude (35%) if the contributor is a resident of the Russian Federation registered in the Unified State Register of Legal Entities. But if the depositor is not a resident of the country, then the amount of tax for him will be 5 orders of magnitude less - 30%.
Here, too, the same rules apply as in the case of determining residency in relation to Russian citizens or non-citizens.
The enterprise must be registered in the country and must conduct its licensed activities for a period of at least 183 consecutive days.
If during this time the activity was suspended, the company was transferred from Russia to another country, then such a legal entity will be considered a non-resident.
In the banks of the Russian Federation today there are no deposit rates that would exceed the key rate of the Central Bank so much that it would be necessary to pay tax on such accounts.
This is easy to see even in the very text of the agreement for a particular deposit, where the rates for the ruble or foreign currency deposit account are indicated. Therefore, there are no frequent cases of paying taxes on the profitability of deposits to the state budget through the tax office.
Video: Deposits: yield and tax rate
Attention!
- Due to frequent changes in legislation, information sometimes becomes outdated faster than we can update it on the site.
- All cases are very individual and depend on many factors. Basic information does not guarantee the solution of your specific problems.
