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Russia Clarifies Valuation of Assets Contributed to Authorized Capital by Non-Resident Company

|Approved Changes|Russia
Russia

The Russian Ministry of Finance has published Letter No. 03-03-06/1/82087 of 13 November 2018 concerning the valuation for tax purposes of assets received as a contribution to the authorized capital of a company from a non-resident company. The letter clarifies that when a contribution is made by a non-resident, the recognized value is the documented expense for the asset acquisition, taking in…

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