Tax exemption for incomes from global Gov't bond
(VOV) -Incomes from global Government bonds are exempted from corporate tax and personal income tax, according to a Government resolution issued on November 1.
Accoording to the resolution, global Government bonds issued in 2014 will enjoy a zero tax rate.
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The Finance Ministry was asked to include this content into the Prospectus and documents for investors.
The Ministry of Justice was also required to provide legal opinions for the issue of global Government bonds this year.