The Ministry of Finance of the Russian Federation in the near future will bring to the State Duma amendments of taxing financial instruments

18 October 2013, Friday
The Government of the Russian Federation in the near future will bring to the State Duma a package of amendments to the Tax Code regarding the taxation of financial instruments , which are aimed at the creation in Moscow an international financial center , waiting for their adoption in October and November , told the Deputy Finance Minister Sergei Shatalov .

In particular, Shatalov said that the bill reflected Finance Ministry's proposals on the taxation level for different types of investment instruments. Thus , it is proposed to exempt from income tax on securities within the 3 million rubles, if they were owned by one person for more than 3 years.
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