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Russia Clarifies New Exception for Services Received by SMEs on a Gratuitous Basis

|Approved Changes|Russia
Russia

Russia's Federal Tax Service recently released Letter No. SD-4-3/10467 of 26 July 2021 concerning the accounting of income in the form of the costs of services received by SMEs on a gratuitous basis. Although Article 250 of the Russian Tax Code generally provides for the inclusion of goods (works, services) and property rights received on a gratuitous basis as non-operating income, the letter p…

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