When choosing a deposit, the owner of funds is often guided by the size of the interest rate. However, it should be borne in mind that the total profit on the deposit may be slightly lower if you have to pay tax on it.
It is necessary
- - calculator
- - Ordinance of the Central Bank of the Russian Federation of September 13, 2012 N 2873-U "On the size of the refinancing rate of the Bank of Russia"
- - Tax Code of the Russian Federation
Instructions
Step 1
Determine the size of the bet on the deposit on which you want to place funds. The fact is that the obligation to pay tax on income from placing money on deposits and the amount of tax in this case will depend on the size of the interest rate. In addition, please clarify whether this deposit is placed in rubles or in foreign currency.
Step 2
Now it is worth turning to the study of the Tax Code of the Russian Federation. The taxation of deposits of individuals on the territory of our country is governed by the provisions of Article 214.2 of this regulatory legal act. This section of the legislation establishes that the obligation to pay taxes arises for an individual if the interest rate on the ruble deposit on which he placed his funds exceeds the refinancing rate established by the Central Bank of the Russian Federation by more than 5%. With regard to deposits in foreign currency, the obligation to pay taxes arises if the interest rate on such a deposit turns out to be higher than 9% per annum.
Step 3
After that, it is necessary to find out what size of the refinancing rate has been established by the Central Bank of the Russian Federation at the moment. Currently, the current normative legal act governing its size is Ordinance of the Central Bank of the Russian Federation of September 13, 2012 N 2873-U "On the size of the refinancing rate of the Bank of Russia". According to this document, from September 14, 2012 to the present day, a refinancing rate of 8.25% per annum is in effect on the territory of our country. Thus, according to the provisions of Article 214.2 of the Tax Code of the Russian Federation, the obligation to pay taxes on profits from placing funds on a deposit arises for those depositors who put their money on a deposit, the rate of which exceeds 13.25% per annum.
Step 4
Determine how much tax you owe. The rate applied to the profit received from placing funds on deposits is 35%. However, it should be borne in mind that such a tax will need to be paid only on that part of the interest receivable that exceeds the maximum allowable amount established by law. For example, if the rate on your deposit in rubles is 15% per annum, then a tax of 35% will have to be paid only on interest exceeding 13.25% per annum, that is, from a profit of 1.75% per annum.
