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Thus, at the rate of 35% the difference between a rate on a contribution and a refunding rate plus 5 items has to be assessed (that is 13,25% per annum). Deputies suggest to increase this rate by 5% that increases a tax-free rate on deposits to 18,25% per annum.

We will remind that in the fall of 2013 the Central Bank changed the system of interest rates, as a result, the rate of a week repo became key, and the refunding rate became indicative (a comment rekomenedatelny). Then the key rate was 5,5% per annum, and a refunding rate of 8,25%. Today the key interest rate reached already 17% per annum, and the refunding rate still is 8,25%.

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As the Deputy Minister of Finance Sergey Shatalov said: "Yes, we supported the offer about increase in a rate free of a personal income tax on deposits on the 5th percentage point". Sergey Shatalov also noted that this measure will temporarily work - till December 31, 2015. According to the Tax Code, taxation income on deposits which interest rate exceeds a refunding rate for 5% has to be exposed.

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The State Duma wants to increase the contribution rate not taxable on income, to 18,25%. The Ministry of Finance already approved the proposal of deputies.

Source: moneyzzz.ru