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Russia Clarifies the Deduction of Costs Incurred in Relation to COVID-19

|Approved Changes|Russia
Russia

The Russian Ministry of Finance has published Letter No. 03-03-06/1/52672, which clarifies the deduction of expenses incurred by companies in relation to the COVID-19 pandemic. This includes that expenses incurred by a company for the prevention of the spread COVID-19 are deductible for corporate tax purposes as other production costs. This includes expenses incurred to ensure normal working co…

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