ARTICLE
7 August 1996

Profits Tax/ Advance Payments / Central Bank Refinancing Rate

P
PricewaterhouseCoopers

Contributor

PricewaterhouseCoopers
Russian Federation Corporate/Commercial Law
(Tax News Reporter - Week ended 6 August 1996)

The refinancing rate of the Central Bank has now been set at 110%. This rate is used to calculate interest on understated profits tax advance payments.

Telegram of the Central Bank of 23 July 1996 No. 107-96

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