Recent changes in the Russian practice of the State control over tax law observance, respective increase of tax payer's responsibilities for tax violation and overall growth of business culture and education, have became the reason of change in public opinion about Russian tax system.
Hence, management of the companies in Russia is eager to pay now obligatory taxes in exact amounts required by law, versus to the earlier tradition not to pay the full amounts yet. Nevertheless, during the process of development of Russian tax system tax payers got accustomed to distrust professional qualification of tax authorities. Management of the companies is still not on the position to seek advises from tax functionaries.
In prevalent situation we are ready to provide the management with comprehensive and solid tax advisory services to be in tune of their needs. With our help the management would clearly understand its tax prospective and we would provide with any possible tax issues resolution, with respect to the size of the company, business and other specifics. We can offer variety of services in case:
1. Brand new company established; or company which is extending its business and/or companies which entered into investment or construction, overseas companies which is going to have business in Russia or already have it.
- Design of business structure in order to optimize taxes and prevent tax risks:
- Tax planning before launch of the business (selection of the most optimal tax regime, determination of tax duty objects, estimation of tax duties with respect to the parameters of the business);
- Evaluation and analysis of the tax duties for business plan (business project), design and drafting of the tax duties section in a business plan;
- Design and drafting of the accounting policy for the tax purposes;
- Design and drafting of the methodology for tax accounting with respect to the company structure (group structure) and business specifics;
- Evaluation of tax consequences of the merger or accusation, selection of the optimal transaction structure with respect to the tax consequences
- Tax due diligence;
- Evaluation and analysis of tax consequences of the company (group of companies) restructuring and reorganization respective selection of the optimal transaction structure;
- Advisory services regarding new construction activities and/or modernization of existing real estate;
- Tax exemption determination through investment activities;
- Advisory services regarding integration of initial cost of fixed assets through construction and modernization process, with respect to the optimization of tax duties and tax risk reduction;
- On line consultations on the tax law implication
2. Companies which are successfully running their business already, but eager to know their tax potentials or risks;
- Tax expertise (check) with respect to the terms of the reference, providing management of the company to understand timeliness and correctness of the tax obligations fulfillment and enabling company management to submit adjusted tax declaration (opportunely the payment of adjusted taxes and pennies avoid further penalties). Results of our tax check provides opportunity to avoid tax overpayment;
- Description and evaluation of the new transaction tax consequences (purchase of securities, cession, export, import and etc.). There would be description of taxation, tax authorities position and respective court cases. Timeliness knowledge regarding tax risk and consequences of certain transaction enables management to undertake right decision;
- ompany representation in relation with tax authorities (during state tax audit, per court resolution, and etc.)
- Company representation through tax disputes in arbitration court;
- Evaluation of existing tax accounting methodology with further advisory on improvement, based on the specifics of the business;
- Evaluation of existing tax accounting policy with further advisory on improvement;
- Design and drafting of pricing policy, systematization an classification of discounts in respect of tax risks;
- Advisory services on implementation of tax law;
- External seminars with regard of bookkeeping and tax accounting issues, seminars on specific subjects of company activities.