Interest on deposits will come after tax: what will change in 2027

Depositors are waiting for a noticeable restructuring of the rules regarding deposits in banks. From 2027, the procedure for taxation of interest income on bank deposits may be revised. The key idea is to translate such income into a general progressive personal income tax scale, where the rate depends on the total annual earnings of a person. This means a fork from 13% to 22%: a specific figure is determined by the level into which the entire income of a citizen for a year falls.

The second major change concerns the mechanism itself. Today, the interest tax is considered by the FTS for the year and sends notices to depositors. According to the new procedure, this work will be transferred to credit institutions: when calculating interest, the bank itself will calculate and retain personal income tax, transferring money to the budget.

Financial expert Marina Svetlova explained to IA PrimaMedia how it will look in practice for a person if the document is adopted: interest on the deposit the depositor will receive after withholding tax. Simply put, the amount will fall to the account "clean" - without the usual deferral of payment until the end of next year.

Another point to watch out for is the tax-free amount of interest income. According to current estimates, in 2027 it may decrease to 160 thousand rubles. Everything that the investor receives beyond this bar will fall under personal income tax.

It is important not to confuse: the tax is not the deposit itself, but only interest above the non-taxable limit. For the bulk of investors with small deposits, the scenario is likely to remain without consequences – overpay will be primarily those whose interest income is combined with wages and other receipts in large amounts.

The scheme under discussion has not yet become law: the fate of amendments to the Tax Code, which are considered together with the budget package, should be monitored.