(Tax News Reporter Week Ended 19 November 1996)
The Ministry of Finance has clarified that business trip expenses incurred in other CIS states must be accounted for including VAT (i.e. the VAT is not eligible for offset against Russian output VAT).
Letter of the Ministry of Finance of 4 October 1996 No. 04-03-11
For further information contact Bauke van der Meer on tel: +7 503 232 5511 fax: +7 503 232 5522 or e-mail directly: Bauke_van_der_Meer@ru.coopers.com or enter a text search 'Coopers & Lybrand' and 'Business Monitor'
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