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Russia Clarifies Taxation of International Shipping Income Under Tax Treaty with Turkey

|Treaty Development|Russia-Turkey
Russia-Turkey

The Russian Ministry of Finance recently released Guidance Letter No. 03-08-09/96760, which clarifies the taxation of payments for the operation of shipping vessels in international transport under the 1997 tax treaty with Turkey. The letter explains that under subparagraph 8 of paragraph 1 of Article 309 of the Russian Tax Code, income from international transportation is included in the incom…

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