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International Tax Newsletter - Summer 2011 - RUSSIA: New Zero Rating For Income From The Sale Of Shares In Russian Companies

From 2011, income from the sale or other disposal of shares in the authorized capital of Russian entities and shares of Russian joint-stock companies is zero rated if:

  • The shares are acquired by the taxpayer in 2011 or later and at the date of the sale of shares, the taxpayer has owned them for more than five years and one of the further conditions below is also met.
  • During the entire period of ownership, the shares are not traded in the securities market, or
  • The shares are traded in the securities market but, during the entire period of ownership, they are shares in the high-tech (innovation) economy sector, or
  • At the acquisition date, the shares are not traded in the securities market but, at the date of sale, they are related to shares traded in the securities market, and they are shares in companies in the high-tech (innovation) economy sector.

International Tax Newsletter - Summer 2011

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