“Expenses incurred while committing legal violations, including providing bribes or kickbacks, are not recognized for the purposes of tax assessment,” the Ministry said in a statement posted on its website.
Any official paying bribes will therefore have to pay the standard 20pc income tax, according to Russia's Vedomosti newspaper.
The clarification is relevant for for Russian arms exporters and commodity companies that have assets in the Third World, the paper cited tax officials as saying.
Last year a survey conducted by
Monday, September 3, 2012
Russian officials told bribes are not tax deductible
Lol Believe it....or not
