Russia Clarifies Non-Withholding on Payments to a Non-Resident if Attributed to a PE
The Russian Ministry of Finance has published Letter No. 03-08-05/43512 of 25 May 2020, which clarifies the taxation of payments made to a non-resident legal entity with a permanent establishment (PE) in Russia. The letter notes that in accordance with the Russian Tax Code, non-resident legal entities operating in Russia through a PE and (or) receiving income from Russian sources are recognized…
Continue Reading