The Finance Ministry (MoF) has published a Letter No. 52359 for describing the allocation of income and expenses to a Permanent Establishment (PE) in Russia of a non-resident company and it has issued on 17th October 2014. In accordance with article 246 of the tax code, a non-resident having a PE in Russia is counted as a taxpayer. Again, according to article 306 of the Tax Code, a PE includes a branch, representative office, division, bureau, agency, other structural subdivision, or any other place through which a non-resident often carries on business actions in Russia. The MoF also described that under article 307 of the Tax Code, a non-resident doing activities through a PE in Russia must determine the corporate income tax base considering the income derived from performing activities in Russia through the PE and the related expenses that are deductible under the Tax Code. Under article 252 of the Tax Code, expenses are treated as tax deductible, if such costs are economically justified, properly documented, and incurred with the view to obtain taxable income. Also, income allotted to the PE in Russia should be determined considering the functions performed, the assets used and the economic or commercial risks estimated by that PE.
Related Posts
Russia clarifies taxation of international shipping under 1997 treaty with Turkey
The Russian Ministry of Finance (MoF) issued Guidance Letter No. 03-08-09/96760 on 2 November 2024, clarifying the tax treatment of payments related to the operation of shipping vessels in international transport, in accordance with the 1997 tax
Read MoreRussia to tax cryptocurrency transactions
The Russian Ministry of Finance announced that the government has approved proposed amendments to a bill regarding the taxation of income and expenses related to cryptocurrency transactions and mining. A report by the Russian news agency Interfax
Read MoreRussia ratifies income tax treaty with Abkhazia, Malaysia
The President of Russia signed the Law No. 372-FZ for the ratification of the income tax treaties with Abkhazia and Malaysia on 2 November 2024. Earlier, the Russian government approved draft laws for the ratification of pending income tax
Read MoreFrance clarifies tax treaty suspension with Russia
The French General Directorate of Public Finances published a guidance, on 23 October 2024, for the application of the France and Russia income tax treaty following the suspension of several provisions of the agreement. Despite the suspension,
Read MoreRussia: Upper House approves tax treaty with Abkhazia
The Russian Federation Council, upper house of parliament, approved the law for the ratification of the pending income tax treaties with Abkhazia on 23 October 2024. The treaty with Abkhazia, signed on 7 May 2024, is the first between the two
Read MoreRussia: Central Bank raises record high key interest rate
The Central Bank of Russia (CBR) has increased the key interest rate from 19% to 21%, on Friday, 25 October 2024. The initiative is an effort to combat growing inflation as government spending on military strains the economy’s capacity to
Read More