INCOME TAXES	12 Months Ended
Dec. 31, 2015
INCOME TAXES
INCOME TAXES	7. INCOME TAXES Income taxes provided for financial reporting purposes are determined on a basis consistent with the tax filing positions the Company takes in its tax returns. The Company is a US legal entity and as a result, the Company's tax filing positions in the US are substantially impacted by its interpretations of tax law and how are they applied in determining US taxes payable. The judgments and estimates it uses may at times significantly impact its determination of taxes payable in the US. The Company is subject to income tax at a basic rate of 35%. Effective January 1, 2007, the Company elected to claim foreign tax credits ("FTCs"). FTCs allow the Company to decrease its US income tax by the amount of appropriate foreign income and withholding taxes. In addition, The Company is subject to the Double Tax Treaty of 1992 between the United States and Russia ("Treaty"). After the sale of 75% interest in CTC Investments (see Note 3), the Company's continuing operations before income taxes primarily represents financial results from domestic operations of CTC Media, Inc. US taxable income or losses recorded are reported on CTC Media, Inc.'s US income tax return. Dividends distributed to CTC Media, Inc. are subject to a Russian withholding tax of 5% under the Treaty. As of December 31, 2015, the Company's deferred tax liability represents estimated taxes from undistributed earnings from its equity investee. In addition, the Company estimates that the amount of unrecognized income tax benefits could be up to $5.2 million, which relate to available foreign tax credits that could be used in US income tax with respect of its equity investment. The tax years ended December 31, 2013, 2014 and 2015 remain subject to examination by the US tax authorities.

INCOME TAXES

12 Months Ended

Dec. 31, 2015

7. INCOME TAXES

Income taxes provided for financial reporting purposes are determined on a basis consistent with the tax filing positions the Company takes in its tax returns. The Company is a US legal entity and as a result, the Company's tax filing positions in the US are substantially impacted by its interpretations of tax law and how are they applied in determining US taxes payable. The judgments and estimates it uses may at times significantly impact its determination of taxes payable in the US. The Company is subject to income tax at a basic rate of 35%. Effective January 1, 2007, the Company elected to claim foreign tax credits ("FTCs"). FTCs allow the Company to decrease its US income tax by the amount of appropriate foreign income and withholding taxes. In addition, The Company is subject to the Double Tax Treaty of 1992 between the United States and Russia ("Treaty"). After the sale of 75% interest in CTC Investments (see Note 3), the Company's continuing operations before income taxes primarily represents financial results from domestic operations of CTC Media, Inc. US taxable income or losses recorded are reported on CTC Media, Inc.'s US income tax return. Dividends distributed to CTC Media, Inc. are subject to a Russian withholding tax of 5% under the Treaty.

As of December 31, 2015, the Company's deferred tax liability represents estimated taxes from undistributed earnings from its equity investee. In addition, the Company estimates that the amount of unrecognized income tax benefits could be up to $5.2 million, which relate to available foreign tax credits that could be used in US income tax with respect of its equity investment.

The tax years ended December 31, 2013, 2014 and 2015 remain subject to examination by the US tax authorities.