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

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 conditions and safety measures, expenses for testing of employees for infection, expenses for disinfec…