Media & Resources
Russian citizens have started to receive notifications from the Russian Tax Authorities to pay the PIT on the interest income sourced from Russian banks
DATE: September 20, 2024 | AUTHOR: AT
The notifications have already been sent to the taxpayers accounts and contain information on:
- Russian banks in which the deposits were opened;
- The amount of interest accrued on bank accounts and deposits;
- Personal income tax base calculation (under p. 1 of the art 214.2 of the Russian Tax Code the nontaxable threshold in 2023 is 150 thousand rubles),
- The PIT payable.
The PIT should be paid before December 1, 2024. It is the first year when the PIT on interest income from Russian deposits is payable.
