The authorities will increase the “exit tax” for foreign companies to 15%

Last December, a subcommittee of the Ministry of Finance approved a series of criteria for foreigners to withdraw their assets in Russia. These are companies from countries that the Russian Federation considers hostile. In particular, when selling assets, it is necessary to make a contribution to the Russian budget in the amount of at least 10% of the transaction amount for transactions with a discount of more than 90%. If the discount is lower, the contribution is 5% of the value of the assets.

As Chebeskov points out, the commission will now increase to 15%. According to a representative of the Ministry of Finance, the government commission for the control of foreign investments has already made this decision.

The publication, referring to the explanatory note to the draft federal budget for 2024 and the planning period 2025-2026, writes that the authorities expect revenues of 114.5 billion rubles from such fees.

As of September 22, income from this concept amounted to 73.3 billion rubles, Izvestia clarifies.

The explanatory note also states that next year the income from contributions from foreigners to the sale of assets will be reduced to 2.1 billion rubles, and in 2025-2026 the authorities do not expect such income at all.

Experts believe that such a decision may be due to the desire to stop foreign companies and stop the outflow of capital, which affects the exchange rate of the national currency.

The establishment of a mandatory contribution by the Russian authorities affected the agreement with Yum! Brands for sale business in Russia. Thus, the Office of Foreign Assets Control of the United States Department of the Treasury postponed the agreement for several months.