Russia can cut deductions for consolidated taxpayer groups in ‘17

MOSCOW, Oct 6 (PRIME) -- The Russian government can limit deductions on corporate profit tax for consolidated taxpayer groups from 2017, Deputy Finance Minister Ilya Trunin told reporters on Thursday.

The current consolidated taxpayer group rule allows companies to include an unlimited amount of corporate units running at loss into the taxable base and reduce it.

Trunin said that the Finance Ministry offers to limit the loss amount which can be introduced to the taxable base to 30% of the combined profit of profitable corporate units. “We offer to introduce this norm from next year but the issue is whether the government will support us, whether deputies (of parliament) will support us.”

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