Taxes and the Russian IIA
Income tax on dividends and trades, the third-generation individual investment account, long-term ownership relief and loss offsetting.
10 articles
IIS-3 insurance: protection against a broker's bankruptcy, not against losses on securitiesA guarantee scheme for IIS-3 has been in force since 1 January 2026. If a broker or asset manager that takes part in it goes bankrupt, the account holder is entitled to compensation. What counts as a guarantee event, what remains the holder's own risk, and how this differs from deposit insurance.7 min
IIS-3 deductions: they refund tax already paid, not part of the contributionThe IIS-3 contribution deduction refunds personal income tax already paid on other income, while the income deduction exempts the account's result at closure. How each one is calculated, what limits it, and when there is nothing to refund.7 min
Tax on digital financial assets: a separate base, an operator instead of a broker, and a loss with nothing to offset it againstIncome from digital financial assets is subject to personal income tax at the general rates, but in a separate tax base. Who withholds the tax, why the deductions for individual investment accounts and for long-term holding do not apply to DFAs, and what happens to a loss.7 min
Tax on selling cryptocurrency: what counts as income, which expense reduces the base and who files the returnAn individual's income from selling digital currency is subject to personal income tax under Law No. 418-FZ. What counts as income, on what condition the purchase expense reduces the base, at what rates the tax is calculated and when the owner files the return themselves.8 min
IIS-3: open, transfer or convert — what the law decides and what the contract decidesA new-style account comes into being through a new contract, a transfer to another intermediary or the conversion of an old account. We look at what is fixed by law in each case and what is written into the contract and should be read before signing.8 min
IIS-3 or a brokerage account: a tax break in exchange for a lock-upAn IIS-3 refunds tax on the contribution and exempts the income at closing, but locks the invested money away for years. An ordinary brokerage account gives no deduction on the contribution and releases the money on first demand. We look at the conditions under which each of them loses.8 min
Closing an IIS early: what goes back to the budget and what is lost along with the termClosing an IIS-3 early removes both tax breaks: the contribution deductions already received go back to the budget with late-payment interest, and the income is taxed in the ordinary way. What the cost of exit is made of, when it is small and what can be done instead of closing.8 min
Offsetting losses: how a losing trade lowers the taxGains and losses inside one tax base add up, while carrying a loss forward requires filing a return.
Long-term ownership relief: paying no tax without arranging anything in advanceThree years of holding exempt a substantial part of the gain from tax — and no special account is needed.
IIS-3: Two Tax Breaks Bought With a Locked-In Minimum TermA Russian account carrying two tax reliefs at once — in exchange for a term during which the money cannot be taken out without losing everything received.11 min