The Russian Ministry of Finance has published Letter No. 03-03-06/1/39792 of 9 June 2018, which clarifies the deduction of expenses in connection with the acquisition of debt claims by a parent company from its subsidiary. The letter includes that, as per Article 279 paragraph 3 of the Russian Tax Code, the exercise of right of demand of a debt claim that a taxpayer acquired is viewed as the sale of financial services and that income from the sale of financial services is determined as the va…