Aksakov proposed introducing a tax deduction for companies going public

The head of the State Duma Committee on the Financial Market, Anatoly Aksakov, came up with the idea of ​​providing a tax deduction for Russian companies going public. Such a measure could attract more funds to the Russian stock market.

“From our point of view, it would be possible to exempt dividends from shares acquired at the time of placement or in the first month after the placement of shares by the relevant companies on the stock exchange,” suggested Mr. Aksakov, speaking at a plenary meeting of the State Duma, where Central Bank Chairman Elvira Nabiullina presented Central Bank report for 2023.

He emphasized that it is necessary to stimulate both investors and companies entering an initial public offering: “Also, from our point of view, it is necessary to exempt income from the sale of shares acquired during a public offering on the stock exchange if these shares are sold after a year. Exempt dividends on shares of Russian issuers purchased through individual investment accounts.”

According to forecasts, by the end of 2024, more than ten companies are expected to enter the domestic market for initial offerings. These include IT companies and representatives of the financial, consumer and industrial sectors of the economy. The total volume of expected placements varies in the range of 150-200 billion rubles.

Read more about the planned placements in the Kommersant material. “IPO retail and wholesale.”