Tax deductions for Individual Investment Account (IIA)

Contribution deduction

If you contribute RUB 400,000 to your Individual Investment Account (IIA) each year, you can receive a refund of up to RUB 52,000 at a Personal Income Tax (PIT) rate of 13% and up to RUB 60,000 at a rate of 15%. If you do not pay Personal Income Tax (PIT) (for example, as a self-employed person or an individual entrepreneur), you will not be able to receive the contribution deduction; only the income deduction will be available

Income deduction

You can fully exempt your income from exchange transactions from tax if the amount of income does not exceed RUB 30 million. For example, if you earned RUB 40 million through an Individual Investment Account (IIA), then after closing the account on time, you will need to pay tax only on RUB 10 million