The Bank of Russia proposes to limit the receipt of tax deductions when investing in an individual investment account (IIA), said the head of the Central Bank Elvira Nabiullina. “We come out with a proposal to give tax deductions only for investments in Russian financial instruments,” Nabiullina said during the online session “Dialogue with the Regulator” at NAUFOR. “Because we do not think it is right that the budget – and this is, in fact, budget money and budget benefits – stimulates investments in foreign securities.”
Recall that the abolition of incentives for investment in foreign securities is already provided for in the “Draft action plan (roadmap) for the formation of affordable finance for investment projects” (available at the disposal of “Vedomosti”). Sub-clause 3 of clause 32 of this document proposes “exclusion of tax incentives for the acquisition of foreign securities of foreign issuers”. Let’s remind: today, for long-term owners of securities, a personal income tax benefit is provided (Article 219.1 of the Tax Code of the Russian Federation). If the shares were purchased after January 1, 2014, were owned for more than three years, and at the time of the sale are traded on the organized securities market, income from the sale within 3 million rubles is exempt from taxation. for each year of ownership (if owned for three years – deduction of 9 million rubles, for four years – 12 million rubles, etc.).
.