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Russia Clarifies Deduction of Expenses Incurred in Connection with the Acquisition of Debt Claims

|Approved Changes|Russia
Russia

The Russian Ministry of Finance has published Letter No. 03-03-06/1/39792 of 9 June 2018, which clarifies the deduction of expenses in connection with the acquisition of debt claims by a parent company from its subsidiary. The letter includes that, as per Article 279 paragraph 3 of the Russian Tax Code, the exercise of right of demand of a debt claim that a taxpayer acquired is viewed as the sa…

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