The Russian Ministry of Finance recently published Letter No. 03-03-06/1/30061, which provides guidance on the tax treatment of the use of retained earnings to increase the nominal share value for a shareholder in a limited liability company (LLC). According to the letter, under the Russian Tax Code a company's shareholder is not required to include in its tax base income received:
- In the form of value added from additional shares distributed by a decision of a general meeting; or
- In the fo…