Press-center—

Amendments to the Russian Tax Code Effective from 1 January 2017 (taxation of income on Russian securities)

12 August 2016

Print version

Please be advised of the following changes in the taxation of income on Russian securities:

On 1 January 2017, the amendments made to sub-paragraph 1, paragraph 4, Article 284 of the Russian Tax Code by Federal Law No. 242-FZ dated 3 July 2016 will take effect. In accordance with the amended provisions, the tax rate applicable to interest income on Russian bonds will be reduced from 20% to 15% both for Russian and foreign organizations.

The 15% tax rate will apply to income paid on corporate bonds that meet all of the following criteria:

Corporate bonds must be issued by a Russian organization;
Bonds must be denominated in Russian rubles;
Bonds must be issued during the period of 1 January 2017 to 31 December 2021 (both inclusive); and
Bonds must be traded on an established securities market as at the dates when interest income on such bonds is recognized for tax purposes.

Further information about applying the reduced tax rates in the course of performing NSD’s duties as a withholding agent will be provided to clients in due time via nsd.ru (on the Tax Management page).

Previous publication

Next publication

Your name

Phone

Email

Depositor ID / settlement participant ID

— Mandatory fields

Interest me

Select from the list

Your question

Enter the characters

I agree to the processing of personal data

Your name

Phone

Email

— Mandatory fields

Тема

Enter the characters

I agree to the processing of personal data

Your name

Phone

Email

Depositor ID / settlement participant ID / TIN

Company

— Mandatory fields

Interest me

Select from the list

Enter the characters

I agree to the processing of personal data

Processing of personal data

By filling out this form and clicking the "Ask question" button, in accordance with paragraph 4 of Article 9 of Federal Law No. 152-FZ dated 27 July 2006 "On Personal Data", I give my consent to National Settlement Depository (NSD, address: 12 Spartakovskaya Street, 105066 Moscow, hereinafter referred to as the "Data Controller") to the processing (i.e., any operation(s) involving the use of automation tools, including collection, recording, arrangement, accumulation, storage, updating, retrieval, use, transfer (including cross-border transfer), depersonalization, blocking, deletion, and destruction) of the following personal data: full name, email address, employer (if any), job title (if any), and telephone number (if any), for the purposes of inquiries, telephone consultations, surveys, advertising or marketing researches (including those conducted by email), or mailings (including advertisements) (the "Service"), as well as the consent to the authorization by the Data Controller of further processing of that personal data by third parties for the purposes of providing the Service to me.

This consent is valid from the date of acceptance by me of the terms and conditions of the Service until the time when I cancel my subscription to the Service or revoke this consent by giving notice in writing to the Data Controller at its address.