OrbitaxOrbitax

Russia Clarifies Tax Treaty with Uzbekistan Not Applicable for Simplified Taxpayers

|Treaty Development|Russia-Uzbekistan
Russia-Uzbekistan

The Russian Ministry of Finance has published Letter No. 03-08-05/11935 concerning the application of the 1994 income and capital tax treaty with Uzbekistan for Russian taxpayers subject to the simplified tax regime, which essentially allows for the payment of a single tax on income instead of corporate tax, property tax, and value added tax. The letter states that because the simplified tax is…

Continue Reading