On 30 September 2013, the Ministry of Finance issued Letter No. 03-11-11/40267 clarifying the tax treatment of dividends received by companies subject to the simplified tax regime.
Under the simplified tax regime, the tax is levied on (i) the revenue received on a cash basis at a rate of 6%; or (ii) profits (defined as revenue less paid allowable expenses) at a rate of 15%. However, the income tax…