Russian Finance Ministry proposes zero-rating long-term securities

The Finance Ministry has proposed exempting from tax the proceeds from the sale of securities held by individual investors for more than three years, Finance Minister Anton Siluanov said at the Russian Financial Forum today, RBC News reports.

Individual investors should enjoy the same benefits as real estate owners, the minister said, adding that the proceeds from the sale of real property owned for more than three years are not-taxable.

The tax deduction should amount to no more than RUB 3m (approx. USD 96,962) for a three-year period, he added.