Updated guidelines on clearing share deals with foreign elements
On 27 March 2023, the new protocol No. 143/4 of the meeting of the Government Sub-Commission was published, amending the guidelines on clearing share deals with foreign elements.
According to the new guidelines, the requirement for making a voluntary contribution should be applied in most transactions regardless of the payment terms.
At the same time, the approach to calculating the voluntary contribution has been changed. The payment shall amount to no less than 5% of the market valuation of the asset or 10% if the purchase price is discounted at more than 90%. The market valuation is determined based on the independent appraiser’s report, and it is now recommended to confirm this report by the self-regulated organization of appraisers in all cases.
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