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Russia Clarifies Inclusion of Voluntary Capital Reduction as Non-Operating Income

|Approved Changes|Russia
Russia

The Russian Ministry of Finance recently published guidance letter 03-03-07/79137 of 29 September 2021 concerning the inclusion of income in the tax base for a voluntary reduction in authorized capital. The letter provides that in cases where a company voluntarily reduces its authorized capital, a corresponding amount will be included in the tax base as non-operating income if the company does …

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