The Russian Ministry of Finance recently published guidance letter 03-03-06/1/78810 of 29 September 2021, which concerns the application of special economic zone (SEZ) benefits following a merger. The letter addresses a question on the application of reduced income tax rates when a legal entity resident in an SEZ merges with another legal entity in an SEZ. The letter notes that as per paragraph 5 of Article 50 of the Tax Code, where one legal entity merges with another legal entity, the resul…