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.   


Sources: http://www.vedomosti.ru http://www.banki.ru 

Author: Irina Fomina

Tags: Russian business Russian banks Sberbank   

Next Previous


You might also find interesting:

Sberbank Won Red Dots Communication Design 2017 Award
29.08.2017
Anton Siluanov Gave Comments On Moody's Forecasts
27.02.2017
Russian Wheat Met Egyptian Quality Requirements
27.01.2017
VKontakte Will Launch Its Service Provider - VKmobile
30.10.2016
The Bank Of Russia Will Create Its Community Of IT Developers
31.12.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
Stavropol Territory  Russian aviators  Heroism   Alexander Fishenko  Russian business  Vladimir Fortov  Russian Orthodox Church  Tatarstan  Treasures  Installations  Sochi Olympics  Serbia  obituary  Bosco Fresh Fest  Kara Sea  Boris Grebenshchikov  Yelena Isinbayeva  Slavyansk-na-Kubani  Russian history  Russian Literature  Painting  Krasnodar region  Russian government  Bratsk  St.Petersburg  Moscow actions  Moscow  Russian Cinema  Allegro  sobering-up stations  Alexander Pushkin  Smolensk  Moscow Multimedia Art Museum  Gennady Sokolsky  Yekaterinburg  Mercedes-Benz Fashion Week Russia  Russian tourism  Contemporary Writers  Exhibitions in Moscow  Russian music  Department of Natural Resources and Environmental Protection  TNK-BP  The Ministry of Internal Affairs   Historical Exhibitions  Publishing  Archeology  Pustozyorsk  Russian Cup  Leo Tolstoy  Mistral 


Travel Blogs
Top Traveling Sites