(Tax News Reporter - Two Weeks Ended 4 June 1996)
It has been confirmed that, when increasing the charter capital of a joint stock company by means of increase of the nominal value of shares, the 0.8% tax on security transactions is payable on the difference between the old and the new total nominal share values.
Letter of the Federal Securities Commission No. DV-2040, State Tax Service No. 05-02-03 and Ministry of Finance No. 04-07-06 of 12 April 1996
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