Tax Management
Tax support services.
Under the Russian Tax Code, NSD acts as a withholding agent when paying out income on securities.
NSD provides its clients with a possibility to reduce tax rates applicable to income on a wide range of foreign securities.
NSD discloses general tax breakdown to the tax agent on depositary receipts through International Clearing and Settlement Depositories (ICSDs) (foreign depositary/custodian) when paying out dividend income on depositary receipts with underlying Russian securities.