OrbitaxMinistry of Finance clarifies issues on corporate income and simplified taxes
|Approved Changes|Russia
Corporate income tax
On 30 January 2008, the Ministry of Finance issued its clarifications regarding corporate income tax in respect of gain realized by companies when distributing their shares at a price higher than nominal value. The Ministry confirmed that such gain does not lead to corporate income tax liability.
Simplified tax
On 21 December 2…
Continue Reading
