Starting from 2025, interest on deposits and account balances in Russian and foreign banks is subject to personal income tax (PIT) at different rates for tax residents of the Russian Federation
▪️ In Russian banks:
13% for income up to 2.4 million rubles;
15% for income exceeding 2.4 million rubles (Clause 1.1, Article 224 of the Tax Code of the Russian Federation).
▪️ In foreign banks:
13% (up to 2.4 million rubles);
15% (2.4–5 million rubles);
18% (5–20 million rubles);
20% (20–50 million rubles);
22% (over 50 million rubles) (Clause 1, Article 224 of the Tax Code of the Russian Federation).
