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Russians face new tax on deposit interest income in 2025

Original: процентный доход

Russian savers are calculating how much they will owe after authorities confirmed that personal income tax applies to interest earned on bank deposits in 2025. Financial outlets explain how the tax is calculated, what thresholds apply, and when payment is due, as high interest rates have made deposit income significant for many households.

Why now: High deposit rates in Russia have made interest income large enough that the tax now affects many savers filing their returns.

RussiaFNS (Federal Tax Service)Finance MailRussian bank depositors

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