The innovations will affect the persons transferring profits abroad
The Russian Ministry of Finance has started working on the issue of increasing the income tax to 30% for those who take it abroad. As Deputy Finance Minister Alexei Sazanov assured, the innovations will not affect all Russian citizens.
According to him, the department is not going to raise the income tax rate for all Russians without exception. Currently, we are talking only about a “penalty” of this kind.
“The size of the rate being discussed is not outrageous – 25-30%,” Sazanov emphasized, quoted by Forbes.
The Deputy Minister of Finance also assured that the Ministry of Finance is not going to disrupt the plans of investors expecting dividends.
It is planned to reach specific parameters by the end of the summer of 2021. Now this initiative is being discussed only at the level of an idea.
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