The Russian Ministry of Finance recently published Letter No. 03-03-06/2/21011, which provides guidance on the tax treatment of interim dividends paid by a limited liability company (LLC) in excess of the LLC's net profit for the respective year. According to the letter, an LLC may distribute its net profits quarterly, biannually or annually. Generally, dividends received are subject to tax at a rate of 13% unless the participation exemption applies (15% withholding applies for non-residents)…