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Rules for foreign businesses leaving Russia have been tightened
The minimum discount on the sale of an asset increases from 50% to 60%, and the voluntary contribution to the budget increases from 15% to 35% of the market value of the asset.
The Finance Ministry has tightened the rules for foreign companies to leave Russia. This was confirmed by the head of the department, Anton Siluanov. Earlier, sources from RBC and the Kommersant newspaper reported the changes.
The minimum discount that foreign owners must offer buyers when selling assets in Russia has been increased from 50% to 60%. And when foreign companies leave the Russian market, their voluntary contribution to the budget will increase from 15% to 35% of the market value of their assets.
Earlier, Kommersant noted that the contribution would be divided into three payments. 25% is payable within the first month of the transaction, 5% within one year, and another 5% within two years.
And trading in assets worth more than 50 billion rubles requires presidential approval. Opinion of Konstantin Simonov, CEO of the National Energy Security Fund.
This strengthening can also be a plus, since those who are already afraid have long since left, and the most persistent remain, believes the general director of the National Energy Security Fund, professor at the University of Finance for Foreigners Konstantin Simonov. Fight not so much with Russia, but with yourselves.
In August, voluntary deductions to the Russian budget due to operations to withdraw foreign companies exceeded the planned figure by 66 times. In August, budget revenues from these payments amounted to almost 140 billion rubles, which is more than the forecast for the entire year.