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:








Comment on our site


RSS   twitter      submit


Ïàðòåð


TAGS:
Igor Starygin  Patriotic War of 1812  Akhmatova Days  Moscow Museums  Mercedes-Benz Fashion Week Russia  Christmas  Russian business  Petersburg Theaters  Exhibitions in Moscow  Ukraine crisis  Uralsib   Strategy-31  Monuments in Moscow  Belomorsk  Buryatia  Russian science  Exhibitions in Saint Petersburg  Russian economy  Moscow State University  Russian scientists  Konstantin Bogomolov  Kaluga  Pushkin Museum of Fine Arts  Krasnodar region  Russian Cinema  Russia security services  Ufa  Russian universities  Yuri Bashmet Winter International Art Festival  Bilibino  Cyprian Art  Unpiloted Aircrafts  drug abuse  Wooden Architecture  Moscow buildings  Russian religion  Russian tourism  Russian places of interest  Roman Abramovich  St. Petersburg  metro station Voykovskaya  Vasily Struve  Moscow  Mercedes-Benz Fashion Week   Maria Sharapova  Russian-Myanmar  Kupino  Nobel Prize  Literature  Folk Arts 


Travel Blogs
Top Traveling Sites