The State Duma will introduce a bill to exempt three-year deposits from taxes


A bill will be submitted to the State Duma that will exempt interest on three-year deposits from taxes. This was announced on May 29 by Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, at the VII Congress of the Association of Banks of Russia.
"There is a proposal to exempt interest on such [three—year] deposits from income tax, and I expect the State Duma to support us," Aksakov was quoted as saying by TASS.
According to the Chairman of the committee, the relevant draft will be submitted for consideration in the near future.
Earlier, on May 22, it was reported that the total market volume of ruble liabilities in the Russian Federation reached 55.5 trillion rubles in April. According to experts, the main reason for the growth of the market was the attraction of funds in the national currency.
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