The Minister of Finance of the Russian Federation Anton Siluanov said that foreign companies will be taxed at the rate of 10% of the transaction amount related to the sale of business in Russia. He said this in an interview on the TV channel. “Russia 24”.
“We decided to impose a 10% tax on the exit of foreigners from Russia. In other words, on the contrary, we are creating conditions so that foreign-owned companies continue to work here and that exit does not benefit foreign trade.”
At the same time, he noted that all incentive measures for doing business in Russia, including foreign companies, will continue.
“So, if the decision to leave is taken, but yes, that exit will be associated with certain costs, including this 10% exit tax on the amount of a business sales transaction in Russia,” he said.
March 30 recognizedAustrian Raiffeisen Bank International (RBI) plans to sell its subsidiary in Russia or withdraw from the group’s periphery. This was expressed by Johann Strobl, head of the RBI. RBI Group in Russia is represented by Raiffeisenbank as well as leasing, insurance and management companies. Earlier, Raiffeisen Bank reported that it is seeking options for the future of its subsidiaries following the requirements of the European Central Bank (ECB) to exit the Russian market.