Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 30.07.2020

Letter of the Tax Policy Department of the Ministry of Finance of the Russian Federation No. 03-04-05/64569 of July 23, 2020: the RF Ministry of Finance explained that payments for children during the coronavirus period (monthly in the amount of five thousand roubles and a lump sum of ten thousand roubles for each child) are not subject to personal income tax, since they refer to measures of social support in accordance with the decree of the President of the Russian Federation

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