Tax Information
The Tax Code of the Russian Federation, Part 1, Federal Law No. 146-FZ of July 31, 1998, as amended;
The Tax Code of the Russian Federation, Part 2, Federal Law No. 117-FZ of August 05, 2000, as amended;
The Customs Code of the Russian Federation, Federal Law No. 61-FZ of May 28, 2003, as amended;
Federal Law No. 173-FZ of December 10, 2003, Concerning Currency Regulation and Currency Control, as amended;
Federal Law No. 160-FZ of July 9, 1999, Concerning Foreign Investments in the Russian Federation, as amended;
Federal Law No. 39-FZ of February 25, 1999, Concerning Investment Activities Carried Out in the Russian Federation in the Form of Capital Investments, as amended;
Federal Law No. 39-FZ of April 22, 1996, Concerning the Securities Market, as amended;
Federal Law No. 208-FZ of December 26, 1995, Concerning Joint Stock Companies, as amended;
Federal Law No. 46-FZ of March 5, 2002, Concerning the Protection of the Rights and Legitimate Interests of Investors on the Securities Market, as amended;
Federal Law No. 86-FZ of July 10, 2002, Concerning the Central Bank of the Russian Federation (Bank of Russia), as amended;
Federal Law No. 115-FZ of August 7, 2001, Concerning the Counteraction of the Legitimization (Laundering) of the Proceeds of Crime and the Financing of Terrorism, as amended;
Federal Law No. 115-FZ of July 25, 2002, Concerning the Legal Status of Foreign Citizens in the Russian Federation, as amended.
Taxation of income on issuer's securities placed and in the process of placement
The following description of tax regulations in Russian Federation is a general overview and cannot be used as a legal advice.
Taxation regulations are defined in the Tax Code of the Russian Federation.
Tax rates applicable to income from holding and transacting with securities in the 3rd quarter of 2011
|
Type of income |
Legal entities |
Individuals | |||
|
|
Russian legal entities |
Foreign legal entities operating through a permanent representative office |
Foreign legal entities operating other than through a permanent representative office |
Resident |
Non-resident |
|
Bond (and note) coupons |
20% |
20% |
20% |
13% |
30% |
|
Dividends |
0% 9% |
15% |
15% |
9% |
15% |
|
Capital gain |
20% |
20% |
20% |
13% |
30% |
The issuer credits and pays dividends to legal entities who own its shares. Different taxation rules and conditions may apply to shareholder income depending on shareholder type.
