Recently, the Ministry of Finance published Letter No. 03-08-05/15689 clarifying the tax treatment of income paid by a Russian bank to a branch of a Turkish bank located in the territory of the United Kingdom. The Ministry of Finance specified that upon payment of income to a branch of a foreign bank the payer of the income should receive a document issued by the competent authorities of the state, where such a branch is located, confirming the tax residence of the branch in that state for the purposes of the respective tax treaty. The UK tax authorities did not confirm...