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Day: 29 August 2018

Russian authorities decided to inspect concert activity subject to compliance with Russian tax law

Despite the economic situation in Russia some Russian and foreign artists make money on concerts in Russia. Do they mention the revenues from their concert activity in Russia in their tax returns? Some of them yes and pay taxes through the legal entities; some of them – mostly Russians – prefer to receive cash. It is simple for them and let them save sometimes “a lot of money” on “transaction costs” (lawyers, bookkeepers etc.).

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