The Central Bank announced tax breaks for companies going public – Kommersant

The press service of the Central Bank commented RBC President Vladimir Putin’s instruction to accelerate the launch of a special IPO regime for high-tech Russian companies in priority industries. According to the regulator, the Central Bank may consider tax breaks as incentives for technology companies to go public.

In particular, we are talking about benefits for corporate income tax, as well as for the payment of personal income tax for individuals who purchase shares of companies during their initial placement on the stock exchange. In addition, the Central Bank is ready to take into account the costs of IPO/SPO with an increasing coefficient for audit, valuation, organization of placement, listing, and underwriting when determining income tax. The Central Bank’s message also mentions the exemption from personal income tax on dividends on company shares that are accounted for in a new type of individual investment account (IIS-3).

Today, February 28, President Vladimir Putin, in his address to the Federal Assembly, instructed to accelerate the launch of a special mechanism for the initial public offering of shares of companies that operate in priority high-tech areas. According to the president, it is necessary not only to speed up the mechanism, but also to compensate companies for the costs of placing shares.

At the moment, high-tech companies in the small and medium-sized enterprise (SME) segment can place securities in the “Growth” and “Innovation Market” sectors on the Moscow Exchange. They can also subsidize the costs of issuing shares listed on the stock exchange. In addition, the Central Bank provides pre-IPO financing for such companies, listing grants (if it is a small innovative company), as well as preferential lending with the participation of development institutions.

The main thing from the presidential address to the Federal Assembly is material “Ъ”.