OrbitaxExemption of dividends approved in second reading
|Approved Changes|Russia
On 20 April 2007, the State Duma (the lower chamber of the Russian Parliament) passed in the second reading a bill exempting the dividends paid to qualifying parent companies from withholding taxes in Russia.
Finance Ministry clarifies discharge of debt not exempt
Under Art. 251 of the Russian Tax Code, assets, including money, transferred free of charge …
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