Russian citizens have started to receive notifications from the Russian Tax Authorities to pay the PIT on the interest income sourced from Russian banks
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.
