Russian Ministry of Finance Allows Deduction of VAT Paid in Another State for Corporate Income Tax

• Russian Ministry of Finance states that VAT paid in another state can be deducted for corporate income tax purposes
• This decision may impact businesses operating in multiple countries
• The goal is to prevent double taxation and promote cross-border trade
• Companies should review their tax strategies to take advantage of this deduction opportunity

Source: research.ibfd.org

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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