Russia's Putin says amnesty for returning capital may be extended

Russian President Vladimir Putin attends a meeting with Dmitry Rogozin, head of the Russian space agency Roscosmos, in Moscow, Russia February 4, 2019. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS - Copyright SPUTNIK(Reuters)

By Reuters

Published on 06/02/2019 - 12:32•Updated 25/04/2024 - 23:27

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MOSCOW (Reuters) - An amnesty designed to encourage the return of capital to Russia by allowing citizens living abroad to return to the country without facing tax or other penalties could be extended by a year, Russian President Vladimir Putin said on Wednesday.

Speaking at a business forum in Moscow, Putin also said the government should extend tax breaks for Russian citizens who become local tax residents.