Quarterly report pursuant to Section 13 or 15(d)

Provision for Income Taxes

Provision for Income Taxes
3 Months Ended
Jun. 30, 2022
Income Tax Disclosure [Abstract]  
Provision for Income Taxes PROVISION FOR INCOME TAXES
The Company is subject to taxation in Russia, Kazakhstan, Kyrgyzstan, Cyprus, Ukraine, Uzbekistan, Germany and the United States of America.
The tax rates used for deferred tax assets and liabilities as of June 30, 2022, and March 31, 2022, were 21% for the U.S., 20% for the Russian Federation, Kazakhstan and Azerbaijan,10% for Kyrgyzstan, 31% for Germany, 12.5% for Cyprus, 18% for Ukraine, 25% for United Kingdom, 18% for Armenia and 15% for Uzbekistan.
During the three months ended June 30, 2022, and 2021, the effective tax rate was equal to 16.9% and 9.3%, respectively.