Introduces a contribution by foreign individuals selling shares in Russian companies

On 27 March 2023, the Russian Ministry of Finance provided further details regarding the contribution by foreign individuals who sell shares in Russian companies. The contribution is applicable to foreign persons linked to foreign states that have imposed sanctions on the Russian Federation and its legal entities and citizens. The contribution can reach up to 10 per cent of the proceeds from the sale and is payable to the federal budget. The amount of the contribution is either a minimum of 5 per cent of the assets' market value as determined by an independent appraiser or a minimum of 10 per cent of the assets' market value if they are sold at a discount of more than 90 per cent of the market value. The contribution shall be assessed by the Commission for the Control of Foreign Investments, which in responsible for approving these type of sales.

• Type:

  • Treatment and operation (Corporate taxation)
  • Treatment and operation (Other)

• Industry:

  • Not industry specific

• Sources:

  • minfin.gov.ru, Выписка из протокола заседания подкомиссии Правительственной комиссии по контролю за осуществлением иностранных инвестиций в Российской Федерации от 2 марта 2023 года № 143/4, https://minfin.gov.ru/ru/document?id_4=301633-vypiska_iz_protokola_zasedaniya_podkomissii_pravitelstvennoi_komissii_po_kontrolyu_za_osushchestvleniem_inostrannykh_investitsii_v_rossiiskoi_federatsii_ot_2_marta_2023_goda__1434, 27 Mar 2023
  • kommersant.ru, Власти возьмут с уходящих иностранных компаний по 5% от рыночной стоимости, https://www.kommersant.ru/doc/5900648, 27 Mar 2023