the Finance Ministry is not planning to freeze and convert the deposits of the population, and not considering any depredate for tax increases in Russia, in addition to income tax on large Bank deposits. This was stated by the head of Department Anton Siluanov.
“No frost and conversions of deposits in Russia is not planned”, and the possible risk of outflow of funds the government calculated. It is a question of justice. Still pay with pay personal income tax. Why passive income in the form of interest on large deposits to pay the tax don’t need?”, the Minister said in an interview to the newspaper “Vedomosti”.
In early April, Russian President Vladimir Putin signed a law imposing a tax of 13% on income on deposits and investments in securities with a size of more than a million rubles. The tax will take effect from 2021.
Speaking of tax incentives for business in the period of epidemic Siluanov said that now examines the steps that will help entrepreneurs to reduce the burden of liabilities that will accumulate by the time of exit from idle. While on the debt relief question. According to the Minister “is not the best method, but to restructure debts – you can, including tax”.
