Tax incentives for long-term ownership of the securities of most foreign companies can be canceled, the Ministry of Finance made such a proposal. According to the initiative, profits will be retained only for securities of companies registered in EAEU countries.
The Ministry of Finance presented a proposal to abolish tax incentives for long-term ownership of securities of most foreign companies admitted to trading on Russian exchanges. RBC writes about it.
According to the initiative, the benefits will be retained only for securities of companies registered in the EAEU countries: Armenia, Belarus, Kazakhstan and Kyrgyzstan. Now investors of all foreign companies whose papers are traded on Russian stock exchanges can count on tax benefits.
Under current legislation, investors holding foreign securities for more than three years may receive a tax deduction. The amount of the deduction is the amount of the financial result received for the amortization of the asset.
Earlier, the Ministry of Finance proposed to establish a tax deduction from income in the amount of up to 30 million rubles for owners of an individual investment account (IIA) of the third type.
Author:
Kirill Bilyk
Source: RB
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