23.07.09

Companies with representative offices abroad are allowed to take into account, when figuring their profit taxes for Russia, profits received and taxes paid abroad. This is according to Natalia Antipina, head of the Department of Taxation of Legal Entities at the Federal Tax Service Office for the Khanty-Mansijsk Autonomous District.

She explained that for this purpose a company must present to the Tax Inspection a confirmation of taxes paid abroad, the agreements by which the profits were received, and documentation that the work was completed. The company must also provide tax office with a statement by the tax authority of foreign country confirming that the tax amounts claimed were received into their budgets. Taxes paid through a tax agent are confirmed by a statement submitted by the tax agent himself.

Translated by Alinga Consulting Group.

About Alinga Consulting Group

    Audit and Taxation     Legal     Accounting and Payroll

Questions? Ask Alinga's Experts!

Source: «Главбух»