Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Moscow will get $ 940 million for Sberbank privatization
27.09.2012 08:36
Moscow will get $ 940 million for Sberbank privatization

Moscow budget will receive about $ 940 million due to Sberbank’s SPO, reports Interfax.


September 19, the Central Bank of Russia sold 7,58 % share of the largest Russian bank, Sberbank, for $5,2 billion. After the placement the Central Bank still owns 50 % plus one share of Sberbank.


As SPO is not among the main activities of the Central Bank, it has to pay an income tax on means, got via SPO. The major part of the tax should be transferred to the budget of the city where the Bank is registered, that is Moscow. The income tax in Moscow amounts 20%, 18 % out of it is transferred to the regional budget (i.e. Moscow) and 2% to the federal budget. According to Taxadvisor, the city may get the money by 28 October this year.   

Author: Irina Fomina

Tags: Russian business Russian banks Sberbank   

Next Previous

You might also find interesting:

The Number of Offers on the Sale of Businesses Increased in Russia by 33%
A Joint Venture Fund that Will Invest in Projects in the Sphere of Medical and Pharmaceutical Industry will be Created
The PMI of Manufacturing Companies Dropped Down
American Retailer Acquired 25% of Familia Store Chain
The Most Popular Online Services for Entrepreneurs

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Moscow  biology  Zvyagintsev  Russian law  Irkutsk  St. Petersburg  Magnitsky Case  Folklore Theatre "Russian Song"  Russian winter  Tragedy  Festival of Light  Suleiman Kerimov  Darwin Museum  buy Russian fashion designers online  Mercedes-Benz Fashion Week Russia  Sheremetyevo Airport  Richard Clayderman  Russian Actresses  Yury Kosagovsky  Space Simulator  Russian legislation  Kurgan  Pet Shop Boys  Arkhangelsk  Russian tourists  society  Russian fashion designer  Russian Cinema  New Year  bus crash  The Ministry of Transport  CNN  Kazan  Moscow Souvenir   Kargopolye  National Dishes  Festivals in Moscow  The Romanov Family  VTB  travel to Russia  Ivan Sechenov  Russian regions  Fires  Music Festivals  State Tretyakov Gallery  Exhibitions in Moscow  Travel  Russian business  Russian tourism  The Arctic 

Travel Blogs
Top Traveling Sites