Tax treatment of dividends received by companies subject to tax simplified regime – Ministry of Finance clarifications

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 taxed at other rates, as provided by article 284 of the Tax Code, should not be considered as taxable i…