21.02.08

Taxpayers must present documentation for housing expenses incurred during business trips. This expense is deductible from may be exempt from income tax but should not exceed 700 rubles per day for trips within Russia, and not more than 2500 rubles for each day of international travel. This law came into force from January 1, 2008 under federal law N 216-ФЗ from July 24, 2007.

Documentation is needed and the maximum may not be exceeded even if a collective agreement governing the business trips allows for reimbursement of the housing expenses without documentation and in the amount determined by the agreement. This caution was issued by the Ministry of Finance in the letter N 03-04-06-01/30 from February 5, 2008.

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