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Voluntary contribution to the budget for foreign companies increased to 15%

DATE: December 19, 2023 | AUTHOR: AT

The Ministry of Finance has published Extract from the minutes of the meeting of the Government Commission for Control over Foreign Investments in the Russian Federation dated 26.09.2023.

Now the Governmental Commission will expect that non-residents from “unfriendly” jurisdictions, seeking Commission’s consent for sale of Russian securities or real estate   would make a voluntary contribution to the budget of the RF in the amount of 15% of the market value of the assets, as compared to 10% provided in earlier guidance.

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