Bloomberg News

Russian Court Says Foreign Payments Taxable, Vedomosti Says

July 03, 2012

Interest payments to Russian companies on loans from affiliated foreign companies may be considered dividends and taxed as such, Vedomosti reported citing a High Arbitrage Court ruling on a claim by OAO Naryanmarneftegaz.

The court’s decision makes such financing less favorable, the Moscow-based newspaper said.

To contact the reporter on this story: Anatoly Temkin in St. Petersburg at atemkin@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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