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Tuesday, May 24, 2022

Russia’s Putin says amnesty for returning capital may be extended

Russia's Putin says amnesty for returning capital may be extended© Reuters. Russian President Vladimir Putin attends a business forum Delovaya Rossiya in Moscow

MOSCOW (Reuters) – An amnesty designed to encourage the return of capital to Russia by allowing citizens living abroad to return to the country without facing tax or other penalties could be extended by a year, Russian President Vladimir Putin said on Wednesday.

Speaking at a business forum in Moscow, Putin also said the government should extend tax breaks for Russian citizens who become local tax residents.

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Source: Investing.com

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