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Simplified Property-related Tax Deduction with Center-invest Bank

05.04.2023

Center-invest Bank, in partnership with the Russian Federal Tax Service, is offering a new service — receiving a simplified property-related tax deduction at a bank’s office, without a visit to the tax authorities.

Simplified tax deduction is available to holders of a personal taxpayer account on the Federal Tax Service website. You do not need to fill in a 3-NDFL declaration and collect a set of documents confirming your right to a deduction, just submit an application for a deduction at any Center-invest Bank’s office, or apply online on the bank’s website. A simplified procedure involves direct interaction between the Federal Tax Service and Center-invest Bank, followed by automated verification of information. This also allows for the in-office audit to be reduced to 1 month instead of the standard 3 months.

To claim a tax deduction under the simplified procedure, the customer shall meet the following criteria:

  • a personal taxpayer account on the website of the Federal Tax Service
  • official employment with taxable wages
  • the status of home loan debtor or debtor’s spouse
  • the real estate mortgaged was not purchased from affiliated parties (close relatives)
  • the real estate title has been registered in 2020 at the earliest.

Center-invest Bank cardholders can also pay their taxes without having to fill in receipts — via Internet banking and mobile banking services. Center-invest Bank is committed to implementing best practices and expanding the scope and quality of its customer service.