Russia Clarifies that Double Taxation Relief Not Available under Simplified Taxation System
The Russian Ministry of Finance recently published Letter No. 03-08-13/31219, which clarifies the availability of double taxation relief when using the simplified taxation system provided in Chapter 26.2 of the Tax Code. Under the system, which may be adopted by certain qualifying companies, a single reduced tax rate applies on total income or total income less qualifying expenses. According to…
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