The Russian Ministry of Finance (MoF) recently issued a Guidance Letter No. 03-03-06/1/49733, published on July 26, 2021. The MoF noted that R&D expenditure was completed in the reporting period (tax period) in which this R&D was completed is deductible as other expenses unless otherwise specified in Article 162 of the Tax Code.
The MoF also stated that R&D expenses included on the government-approved list provided by the government decision of December 2008 may be deducted as other expenses in the reporting tax period in which the R&D was completed or in the initial value Depreciable intangible assets can be included in the amount of the actual costs multiplied by a coefficient of 1.5 (Article 162 (7) of the Tax Code).
