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Russia to calculate deposit taxes automatically under new rules

Original: продажи

Russian banks will begin calculating taxes on deposit interest under a new automated system, with withholdings processed automatically rather than through manual filings, according to Banki.ru. The change affects savers across the country, who have been discussing how the new rules will apply to their interest income and whether amounts will be deducted directly from accounts.

Why now: Savers are reacting to news that deposit tax rules are changing, with automatic withholding starting under the new system.

Banki.ruRussia

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