The tax rate on income from certain domestic bond issues has been reduced to 15 per cent
Starting from 1 January the tax code of the Russian Federation was amended in respect of taxation of interest income received by Russian residents on Russian corporate bonds. It applies to bonds denominated in Russian rubles, issued between 1 January 2017 and 31 December 2021 and traded on the organised securities market on the date of income distribution.
The statutory tax rate applied for the above income payment was reduced from 20% to 15%.
Therefore, the following tax rates are applied on the income proceeds received by legal entities, Russian residents, who hold securities on either owner accounts or foreign nominee holder accounts: