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Benefits Upon Termination of Employment by Mutual Agreement Deductible as Income Tax Expense
15 May 2017
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The Supreme Court of the Russian Federation has recently issued a ruling concerning tax deductibility of termination benefits (the "Ruling").
The Ruling specifies the amount of termination benefits which for tax purposes may be considered reasonable and proportionate to ordinary severance payments and, accordingly, treated as income tax expense.
The Ruling determines where an employer must justify that amounts of termination benefits are economically feasible.
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