Russia Clarifies Accounting for Expenses of a Permanent Establishment in Russia of a Non-resident
The Russian Ministry of Finance has published Letter No. 03-08-05/15543 of 11 March 2019, which concerns accounting for expenses of a permanent establishment (PE) of a non-resident in Russia. The letter notes that the rules regarding the taxation of a PE are established by Article 307 of the Russia Tax Code. In particular, this includes that:
- The taxable income of a non-resident includes inco…