Russia may cancel bond coupon income tax for households in ‘17–19

MOSCOW, Oct 5 (PRIME) -- The Russian government is considering abolishment of a tax on bond coupon income for households, as follows from a fiscal policy draft for 2017–2019 seen by PRIME on Wednesday.

“The risks of loss of personal savings is higher in case of investments in bonds than the risks in case of savings on banking deposits, where there is a system of deposit insurance on the legislative level,” according to the draft.

The authorities think that improvement in the bond yield taxation conditions will raise attractiveness of bonds with a high credit risk.

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