Ministry of Finance Letter #03-08-05 dated 05-20-2010 outlines the taxation procedure for financial grant assistance given to Russian organizations from companies outside of Russia that have at least a 55% ownership stake in the Russian company they are granting aid to.
The letter notes that income in the form of property or cash that a Russian organization receives as a grant from an organization registered in a foreign country and which owns more than a 50% share in the target company is not counted as part of its income tax base.
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