Russia to Tax Deposits Over 1m Rubles Starting 2021: Siluanov

Russia will start taxing incomes on deposits and debt investnments worth more than 1 million rubles starting next year, meaning the budget will see revenue in 2022, Finance Minister Anton Siluanov says.

• Change in deposit amounts due to currency volatility won’t be taxed. For FX deposits, the tax service will calculate income based official daily FX rate.
• NOTE: Putin’s Virus Stimulus Comes With a Tax on Rich Russians

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