Russia's Federal Tax Service has released Letter No. SD- 4-3/12722 of 7 September 2021 regarding the treatment of cash and non-cash (in-kind) dividends. The letter addresses questions from a taxpayer that planned to pay an interim dividend, part of which would be paid in the form of shares in a joint-stock company (JSC). The value of the shares for this purpose would be determined by means of an independent appraisal. For this purpose, the taxpayer sought clarification on:
- The legality of de…