Companies must pay dividends to the maximum extent. This was after a meeting of the intergovernmental Russian-Chinese Commission on investment cooperation, told reporters the first Deputy Prime Minister Igor Shuvalov, reports .
“We shared the decision is not yet adopted. Focused the company on what dividend to pay the highest. This is good for investors, and in order to demonstrate investment attractiveness, so they buy those shares. In General, we believe that now is the time, when you can pay dividends up to 50%. For some companies — is 50% or below,” — said Shuvalov.
The official added that the proposals have now reported Prime Minister Dmitry Medvedev, meeting on this issue was held “recently”.
“When you develop a final decision, report to the President. Suggestions such that the most someone can take is to take 50%. And where this is not possible, this must be a good reason and it should be a complex procedure of adoption of such decision”, — said Shuvalov.
In 2016 came the government decree, which obliges state-owned companies to pay dividends of 50% of net profit (under RAS or IFRS, depending on which of amounts is more). However, it allowed loopholes for companies not wanting to give their income to the government: dividend in half of the profits did not pay to “Gazprom”, “Rosneft” and “Transneft”. The document sent to the Ministry of Finance for revision and are still state-owned, operates the old rule, involving the payment of not less than 25% of net profit. The Ministry of Finance and economic development Ministry have agreed that state-owned companies can potentially pay 50%, but Shuvalov demanded specific calculations on this issue, making the decision on dividends was postponed, said the sources of “Vedomosti”.
The estimated amount of income from dividends in 2017 — about 200 billion rubles, said Finance Minister Anton Siluanov. In his opinion, for the management of state-owned enterprises need to introduce key performance indicators, and one of them may be just the dividends. If the state budget will receive 50% of the profits of state-owned companies, government spending in 2017 can be increased by the amount of dividends, said Siluanov.