The Russian Ministry of Finance recently published Letter No. 03-03-06/1/40557 of 14 June 2018, which clarifies the tax treatment of income received by a Russian parent as a result of a reduction in the authorized capital of a subsidiary. The letter notes that under Article 251 of the Tax Code, taxable income does not include assets or property rights received in proportion to the value of contributions to a company's capital when the company's capital is reduced. However, this only applies i…