GgoogleRU first seen 17 h ago, last 16 h ago, peak #1
Banks to withhold income tax on deposit interest
Original: налог на вклады
Banks in Russia will withhold personal income tax directly from interest earned on deposits, according to Interfax. The move means savers will no longer need to declare and pay the tax on deposit interest themselves, as banks will handle the deduction automatically before interest is paid out. The change is drawing attention among depositors concerned about how much of their interest income they will actually receive.
Why now: New tax withholding rules on deposit interest affect millions of Russian savers.
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