EconomyRussia will develop a tax incentive mechanism for long-term...

Russia will develop a tax incentive mechanism for long-term investments

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The national flag of Russia on the building of the Central Bank of the Russian Federation. archive photo

The Central Bank and the Government will develop a tax incentive mechanism for long-term investments

MOSCOW, November 29 – RIA Novosti. The Bank of Russia and the government will consider creating a single tax incentive mechanism for long-term investments in all financial products. document Central Bank “Main guidelines for the development of the financial market of the Russian Federation for 2023-2025”.

“Together with the government of the Russian Federation, it is planned to consider creating a unified tax incentive mechanism for long-term investments and extending it to all financial products in which such investments are made, including long-term bank deposits,” the report says.

The Central Bank explained that given Russia’s limited access to the external capital market, the role of domestic resources in financing the development of the economy has increased, and one of them may be citizens’ savings. Citizens in Russia formed a basic need for the formation of long-term savings.

“At the same time, the financial system has not yet established a wide range of instruments for long-term savings that will meet the needs of citizens in terms of profitability and security of funds, including protection against inflation,” the regulator said.

Source: Ria

Emma
Emma
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.

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