Skip to content
OrbitaxOrbitax

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 not simultaneously refund the corresponding portion of contributions to its shareholders. Such non-o…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.