The tax relief on investments in high technology and innovative sector companies in Russia was prolonged for another six years.
The capital gains tax (CGT) exemption will apply to gains on securities purchased after 1 January 2011, unless sold before 1 January 2016, as long as the investor held the shares for a minimum period of one year. The exemption will be in place until 31 December 2022.
The President of Russia signed the Federal Law no. 396-FZ on amendments to Part Two of the Tax Code of the Russian Federation with effective date of 1 January 2016.
Contact:
Yuliya Shibukova
Relationship Manager
Global Securities Services Russia
Yuliya.Shibukova@unicredit.ru