The non-taxable amount of income on deposits in 2026 will be 160 thousand rubles
Quick Look
- In 2026, the income tax-free amount on bank deposits in Russia will be 160 thousand rubles, provided that the key rate of the Central Bank does not exceed 16% per annum until December 1.
- A tax of 13% is paid on income exceeding this threshold, and for income over 2.4 million rubles a rate of 15% is applied.
AI-generated summary
Why It Matters
Tax on income on deposits in Russia is levied on excess of the non-taxable amount, which is calculated based on the key rate of the Central Bank. The tax rate is 13%, but for incomes over 2.4 million rubles, an increased rate of 15% is applied.
Brief retelling from RIA II
The income tax-free amount on bank deposits in Russia in 2026 will be 160 thousand rubles.
Tax on income from deposits is paid on that part of the income that exceeds the non-taxable amount.
The tax rate on income on deposits is 13%, but for income over 2.4 million rubles, an increased rate of 15% is applied.
MOSCOW, October 4 - RIA Novosti. The amount of income not subject to personal income tax on bank deposits in Russia in 2026 will be 160 thousand rubles, Lyudmila Rokotyanskaya, an expert on the stock market at BCS World of Investments, told RIA Novosti.
The tax is not paid on the deposit itself, but only on the part of the income that exceeds the non-taxable amount, she recalled.
This threshold is calculated as follows: one million rubles is multiplied by the maximum key rate of the Central Bank in effect on the first day of each month during the calendar year. Over the past year, the Central Bank has been reducing the key rate, and at its meeting in September, it kept it at 14% per annum.
If the Central Bank does not make a U-turn in its policy and does not raise the key rate above 16% per annum before December 1, the non-taxable amount of income tax on deposits for 2026 will be 160 thousand rubles.
“That is, the first 160 thousand rubles of interest income for 2026 should be exempt from personal income tax,” Rokotyanskaya explained.
The income tax rate on deposits is 13%. However, if income from all deposits exceeds 2.4 million rubles, then tax on amounts above this threshold is paid at an increased rate of 15%.
“In order to start paying personal income tax on interest income at a deposit rate of 13% per annum, there must be more than 1.2 million rubles on deposits. And we will pay personal income tax only on the amount that exceeds the tax-free portion,” the expert noted.
What to Watch
AI outlook — possibilities, not facts
If the Central Bank does not increase the key rate above 16% per annum before December 1, 2026, the non-taxable amount of income on deposits will be 160 thousand rubles.
Likely · Within months
Open Questions
- How will the non-taxable amount change if the Central Bank raises the key rate above 16% per annum before December?
- Will there be any changes to tax legislation before the end of the year?
