The Federation Council has released sanctioned Russians from taxes

The Federation Council has released sanctioned Russians from taxes

The Federation Council (SF) on March 29 approved a law, which is exempt from tax in the Russian individuals targeted by the sanctions. This is stated in the message on the website of the Federation Council. The decision was supported by 132 senators, nine abstained.

The law will take effect retroactively from 1 January 2014. If someone from the sanctions list wish to use it, it will return “overpaid” for two years taxes. The Russian government will have to make a list of countries, their associations, unions and institutions, the sanctions, which will give the right of liberation from the status of a Russian tax resident.

In 2014, the United States, EU and Canada imposed “personal sanctions” against businesses and top managers of Russian companies. Fell under the sanctions of natural persons a foreign tax residents offered to release from payment of taxes in Russia. In March 2017, the Committee of the Duma has approved corresponding amendments to the Tax code.

Billionaire Arkady Rotenberg said March 15 that it plans to use the privilege that allows you to change the tax residency of the sanctions. He said that is not going to become “tax resident in other countries.”

The law that exempts sanctioned persons from terms of taxes, the state Duma adopted in the third reading, 22 Mar. As reported by RBC, the bill, which frees sanctioned from paying taxes on income earned abroad, have adopted “through the efforts of one of “United Russia”. For the adoption of the document voted 322 deputies, 85 against and one abstained. The author of the document was made by the Deputy from “United Russia”, Chairman of the state Duma Committee on budget Andrey Makarov.