On 28 September 2009, the Ministry of Finance issued a unified letter that contains information on the decreased corporate income tax (CIT) rates applicable in Russian regions.
The general CIT rate is 20% which consists of a federal and regional portion. The federal portion is 2% and the regional portion is 18%. Regional authorities may decrease the regional part of the CIT by up to 4.5 percentage points.
As for the lowest rates applicable to the regional porti…