Russian Ministry of Finance Propose Various Tax Code Amendments Including Extension of Loss Offset Limitation

The Russian Ministry of Finance has reportedly proposed various Tax Code amendments. Some of the main corporate tax amendments include:

• Extending the corporate tax exemption for transactions involving the gratuitous acquisition of property (excluding cash), property rights, work, or services if the acquisition is required under Russian legislation so that the exemption also applies if the acquisition is required under regional legislation and government acts;
• Introducing a new condition for …