Izvestia: taxes should be paid to owners of deposits, investment accounts, currency and real estate
Lawyers reminded Russians of the need to pay taxes not only on salaries. They told Izvestia about taxes for owners of deposits, investment accounts, currency and real estate.
The publication clarifies that all information on the rules for paying taxes in this material applies only to tax residents of Russia.
Vice-President of the Association of Lawyers for Registration, Liquidation, Bankruptcy and Legal Representation Vladimir Kuznetsov explained that in most countries of the world the tax consequences of various investments are determined precisely by this parameter. In Russia, individuals are recognized as residents if they have been in the country for at least 183 days during the next 12 months.
So, since 2021, new rules for calculating income tax on bank deposits have been earned for residents in Russia. According to Kuznetsov, from January 1, 2022, the Federal Tax Service (FTS) will begin to receive data on depositors' income from credit institutions. At the same time, for all amounts exceeding the non-taxable limit, depositors will have to pay 13 percent on their own.
To calculate the tax-free amount, you need to multiply one million rubles by the key rate of the Bank of Russia, established on January 1, in where the depositor received income from the deposit. The first time such a tax will be paid at the rate of 4.25 percent. Thus, the maximum tax-free deposit income for 2021 is 42.5 thousand rubles. Kuznetsov added that 13 percent will have to be paid from the excess amount by December 1 of next year.
Managing partner of the legal group “Atlant” Sergey Kvasheninnikov, in turn, spoke about the tax on the sale of an apartment. He noted that if an individual purchased an apartment and owned it for less than five years, then upon selling it, it is obliged to pay the state tax in the amount of 13 percent of the difference between the purchase and sale amount, which is considered income. This tax must be paid before July 15 of the year following the year of the sale of housing. Kvasinnikov added that the mortgage interest is not an expense.
He added that currency is also property; upon its sale, income is taxed with personal income tax with the application of all envisaged deductions. The exchange rate difference is not subject to personal income tax, since it is of the nature of material gain.
The expert also spoke about the rules regarding income from investments through investment funds (mutual funds and ETFs): when selling fund shares from the profit received, the tax rate is 13 percent. In addition, from January 1, 2021, the coupon yield on all bonds is taxed at a rate of 13 percent, regardless of the amount invested in such securities.
Earlier, the Chairman of the Supreme Court (VS) of Russia, Vyacheslav Lebedev, said that The Supreme Council has prepared a bill proposing to write off tax debts from citizens out of court. According to the document, debtors will be able to send a written objection to the tax authority within a month from the date of receipt of the decision on debt collection. In this case, collection can only be carried out in court.