The Bank of Russia told about tax exemptions for mutual funds

The Bank of Russia advocates that the tightening of taxation of mutual funds should be point-based and not affect the market instruments of collective investment. This was stated by the first Deputy Chairman of the Central Bank Vladimir Chistyukhin at the International Banking Forum.

According to him, when adjusting the legislation, the regulator sets two tasks. “The first is to provide a tax recovery ecosystem that prevents tax avoidance through some form or financial instrument. Another task is to preserve the business model of current participants and, in principle, not to stop one or another financial activity, explained Vladimir Chistyukhin (quoted by Interfax).

According to him, the main priority of the regulator at the moment is to protect open mutual funds, which are the most marketable and do not cause doubts about using them for tax evasion. “Relevant agreements have been reached with the Ministry of Finance, we are in consensus, so I hope that these two tasks will be solved,” the first deputy chairman of the Bank of Russia added.

On the eve of the Ministry of Finance submitted to the government a package of bills on the federal budget and tax initiatives. One of them touched on the collective investment market. The Ministry proposed to oblige closed and interval mutual funds to pay income tax at a rate of 15% on passive income received. When taxing shareholders, the tax paid by the fund will be credited.