Sergey Tarasevich explained to Cbonds Weekly News how the bond taxation changes under consideration will affect the debt market and bondholders

Sergey Tarasevich - senior associate

In early October, media reported on two tax initiatives related to bonds at once. Firstly, the Ministry of Finance proposed to charge personal income tax on gifts of all types of securities and derivative financial instruments to non-close relatives. Secondly, the State Duma may consider introducing a tax deduction for holders of people’s bonds with regional or municipal status. Starting from 2021, income on such securities is taxable.

At the request of Cbonds Weekly News, Sergey Tarasevich, Senior Associate of Tax & Administrative Law Practice at Maxima Legal, explained whether the changes in bond taxation, if adopted, would have a serious impact on the debt market and bondholders.

To watch the full interview (in Russian), please see Maxima Legal`s channel on Rutube >>>

To watch the full interview (in Russian), please see Cbonds Weekly News channel on Rutube >>>