The withholding tax rate on coupon payments from Russian corporate bonds has been reduced.
A recent amendment to the Tax Code of the Russian Federation will affect the withholding tax rate on coupon payment. As of 1 January 2017, tax on the interest on Russian corporate bonds issued from 1 January 2017 until 31 December 2021 will be decreased from 20% to 15%.
The rate will be applied only on interest on Russian corporate bonds held by legal entities and on the condition that such corporate bonds are recognised as traded on the organised securities market on the coupon payment date.
Contact:
Ksenia Liskina
Relationship Manager
Global Securities Services Russia
Tel.: +7 495 723 7460
Ksenia.Liskina@unicredit.ru