Putin said yesterday that Moscow must abolish the tax levied on the money repatriated from abroad and renew companies' exemption from sanctions.
The Kremlin said in a press statement on Tuesday that the Russian president's proposal yesterday, due to be discussed next year, would work to restore corporate tax amnesty, which ended in mid-2016.
Moscow is preparing to renew legislation aimed at exempting companies that are repatriating their capital from taxes as Washington looks to toughen sanctions against Russia.
Among the sanctions imposed on Russian companies, the 13% profit tax imposed on foreign money will be canceled.
"The Russian president supports an initiative that will create conditions for companies wishing to seize the opportunity to return their money to Russia," Kremlin spokesman Dmitry Peskov said.
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