Banks asked the State Duma to postpone until 2028 the introduction of a new procedure for taxing income on deposits. Reason: The bill was already passed in the first reading, and the credit institutions still do not understand how to technically prepare for its implementation.
Starting January 1, 2027, the banks plan to be required to calculate and withhold personal income tax on interest on deposits independently on a monthly basis. If the set limit is exceeded, the rate increases from 13% to 15%. For this, it is necessary to redo the software and establish a data exchange with the Federal Tax Service. However, the final requirements have not yet been approved.
The problem is much broader than technical training. One person can have several banks at the same time, each of which has information only about its customers. Therefore, the final calculation will still have to be done by the tax service. And citizens risk facing additional charges at the end of the year, unexpected demands for tax payment and the need to understand the correctness of the calculations.
There is a perfectly natural bewilderment about the quality of the preparation of such decisions.
Banks now offer at least a one-year transition period with a 13% personal income tax deduction, leaving the final payment to the Federal Tax Service. The offer is reasonable. It is simply not clear why people started thinking about the need for technical training after the bill was submitted to the State Duma. In the end, both the banks and their customers will have to pay for this haste.
Konstantin Dwinsky.