Sevastopol Tax Service: personal income tax with interest on deposits in 2025 — how to calculate and pay

Krympress reports:

For the first time, taxpayers paid the interest on bank deposits in 2024 for income received in the previous period. It is important to understand that not the deposits themselves are taxed by tax, but percentage income on them. It is not necessary to declare income on deposits independently. The tax authority calculates the amount of tax on the basis of annual information from banks and, if necessary, will include the amount of tax in the tax notice. Sevastopol residents will begin to receive tax notifications following the results of the previous year in October 2025.

Already today, individuals can independently calculate what amount of income tax on bank deposits must be paid using the data personal account of a taxpayer for individuals. In this resource, you can find out the amount of income from interest for the previous year and independently determine the amount to pay.

To calculate the tax, it must be remembered that according to Article 214.2 of the Tax Code of the Russian Federationwhen calculating tax on interest income, not only bank deposits are taken into account, but also other banking products, by which a citizen receives an income in the form of interest. That is, when calculating the tax base, income on deposits, cumulative and card accounts, bank cards and so on are taken into account. Tax income from deposits in both rubles and in foreign currency is taxed.

Unfilled interest income is calculated as a work of 1 million rubles for the maximum value of the key rate of the Central Bank of Russia, which operated in 2024 — 21 %. Thus, the amount of income from deposits is not taxable will be: 1 million rubles * 0.21 = 210,000 rubles. If the amount of interest income is less than non -taxable income or equal to it, the tax is not charged. If the amount of interest on all deposits and accounts exceeds the level of 210 thousand rubles established by law, a personal income tax at a rate of 13 % (or 15 % for income exceeding 5 million rubles per year) is paid from the amount in excess of this limit). Revenues on deposits with a interest rate of 1% per annum and less tax are not taxed (most of these accounts are cumulative and salary). Also exempted from the tax on escrow accounts (special accounts for buyers of real estate under construction).

From income on bank deposits and bills in foreign currency, tax must be paid regardless of the size of the interest rate. Revenues for such deposits will be crossed into rubles at the Central Bank rate, which acted on the date of interest payments.

If a citizen has become the owner of a bank deposit and interest income received from him in connection with inheritance, there is no need to pay tax with interest. But if the interest on the deposit was received after the inheritance, such income is taxed on a common basis (as it is the income of the heir).

The interest on interest income on deposits and accounts is paid by all citizens who receive interest income in Russia: both tax residents (individuals who, regardless of citizenship, spend at least 183 calendar days in the country for 12 months in a row), and tax non -residents (individuals who, regardless of citizenship, spend less than 183 calendar days for 12 months in a row). Non -residents rate of personal income tax with interest on deposits are the same as for residents.

Pensioners and persons with disabilities do not have special conditions and benefits for paying taxes on deposits. They pay tax on a common basis, along with other categories of taxpayers.

After receiving a notification of accrued amounts, it is necessary to pay all property taxes specified in the notification, including tax on interest income (if indicated) in any convenient way. This is easiest to do in personal account of the taxpayerthrough the service «Payment of taxes and duties»in the personal account or office of any banking institution, as well as through payment terminals.

Source: press service of the Federal Tax Service of Russia in Sevastopol

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