The Russian Ministry of Finance recently published guidance letter 03-03-06/1/49733 concerning the deduction of R&D expenses, including the increased deduction for government listed activities. The letter notes that the procedures for accounting for R&D expenses are provided under Article 262 of the Russia Tax Code. According to paragraph 4 of Article 262, a taxpayer has the right to include R&D expenses as other expenses related to production and sales (other expenses) in the rep…