The government will extend until the end of 2023 the personal income tax exemption for entrepreneurs who transfer assets from foreign structures to personal property, writes Forbes.
Such a measure is provided for in the amendments to the second reading of the bill amending tax legislation, which were prepared by the Ministry of Finance.
An exemption for those who transfer their assets from abroad to movable property was one of the main measures of protection against sanctions, along with the next stage of the capital amnesty, and ended in 2022.
Exempts from tax payment on income from the transfer to personal property of securities and shares in the authorized capital of Russian companies, credits, options, pledges, shares of investment funds of Russian management companies.
It was previously known that the Ministry of Digital Development and the Ministry of Finance will discuss the indefinite extension of the current 0% income tax rate for IT companies. Both the lack of definition of the benefits and the possibility of their extension until 2030 are discussed.
Author:
anastasia mariana
Source: RB

I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.