Siluanov spoke about the readiness of companies to pay tax when leaving Russia

The owners of some foreign companies are willing to pay a tax of 15% with the current minimum 10%. About this in an interview with TASS told Finance Minister Anton Siluanov.

“The minimum deposit is 10%. Some of our colleagues from the ministries, who report to the commission on a transaction for the sale of a business, offer to pay 15%. We don’t argue with that,” he said.

According to Siluanov, a subcommittee of the government commission for foreign investment control meets two to three times a week and individually considers companies’ applications to withdraw from Russia.

In mid-July, Vedomosti wrote that the Russian authorities formed a new list of requirements that foreigners must fulfill in order to exit business in Russia. There are ten items on this list. In addition to the basic principles, it also contains fundamentally new rules. For example, the buyer of an asset should not enter into a buyback option with the seller for more than two years. According to the newspaper’s sources, the new rules are designed to make it harder for foreign companies to leave.

Siluanov recalled that the basic requirements that companies must fulfill when leaving the Russian market include a 50% discount, a contribution to the budget in the amount of 10 to 15% of the transaction amount, as well as obligations on key performance indicators, job retention, in terms of revenue, etc., which are assumed by the buyers of the business.