Wednesday, August 19, 2009

Foreign Donations to Russian Charities Held Tax Exempt

The Federal Arbitrazh Court for the Ural Circuit, acting as a third-instance court, held that foreign donations to Russian non-commercial organizations (NCOs) were tax-exempt. This is contrary to the position of the tax authorities that maintained that such donations should be taxed as regular commercial income in the hands of NCOs.

http://russian-law.livejournal.com/49416.html

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