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:

Sberbank Released Financial Highlights
Kabul Plans to Export Fruits And Vegetables to Russia
Federal Passenger Company Announced An Auction
Federal Supervision Agency For Information Technologies And Communications Hires a Hacker
Sberbank Informs On Foreign Investments

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Russian business  MTS   Russian Literature  Igor Sikorsky  Russian physics  Festivals in Moscow  Rostov-on-Don  Vladimir  Moscow Architecture  Russian cuisine  Russian history  Mosque  Moscow traffic  Sochi  Arkhangelsk Region  Voronezh   Ildar Abdrazakov  DDoS-attacks  Collective Farms  Paris  Russian designers  Mercedes-Benz Fashion Week Russia  Silver Necklace Of Russia  UNESCO World Heritage List  Art Performances  gay rights  odd news  Painting  Fashion In The Space Of Art  Spitzbergen  Archeology  Vilyuchinsky Pass  Moscow  Norilsk Nickel  Eggs  Russian Cinema  CIS  Dmitry Kardovsky  Russian tourism  Archeological Finds  Comics  Exhibitions in Moscow  Russia archaeology  Pollution  Russian Football Premier League  Veliky Novgorod  Tyumen  Vitaly Sundakov  Sheremetyevo  Russian Orthodox Church 

Travel Blogs
Top Traveling Sites