The Russian Ministry of Finance has published Letter No. 03-08-05/11935 concerning the application of the 1994 income and capital tax treaty with Uzbekistan for Russian taxpayers subject to the simplified tax regime, which essentially allows for the payment of a single tax on income instead of corporate tax, property tax, and value added tax. The letter states that because the simplified tax is not substantially similar to the taxes covered by Article 2 (Taxes Covered) of the treaty, the prov…