Agency Agreements and Tax Risks in Russia


This article was first published in Russian on 9 November, 2017 in the journal «Бухгалтерский учет» under the titleНАЛОГОВЫЕ РИСКИ РАБОТЫ С АГЕНТАМИ И ИНЫМИ ПОСРЕДНИКАМИ.”

Most companies in Russia work with agents in some manner. There are significant and real tax risks that these companies should take into consideration. Continue Reading

Choosing a Service Provider

Choosing a service

Let’s talk about what really interests you.

What’s the easiest way to compare prices for basic service packages?

Will a service provider be able to handle your project?

Why are the qualifications of the accounting provider of secondary importance?

How can you ensure that a service provider will not make mistakes?

What remains if you set aside marketing?

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FSC Russia: «Audit helped us to improve the work of the organization»


Audit results can and should be used to further develop the organization audited. But how can you find an auditor who can help make this happen? How will the auditor do it and what can they offer you? The Director of the NGO, Forest Stewardship Council (FSC Russia), Andrey Ptichnikov and the organization’s Chief Accountant Elena Vizintal shared their experience in finding an auditor who was right for the job. Continue Reading

Five Reasons To Conduct A Tax Audit.

Five Reasons

There are more reasons than these, but these are the most important.

Reason 1. Know your risks

Every year, dozens of amendments to Russian tax legislation are signed into law: new taxes, altered rates, new reporting forms, etc. In 2017, among other things, the proportion of the distribution of profit tax between the federal and local budgets changed, and the Federal Tax Service started administering insurance premiums instead of the Russian Pension Fund. Now only 50% of previous year’s losses may be claimed as deductions to the taxable base of the current tax period (2017). Two out of ten of our clients did not hear anything about this before meeting with me. Continue Reading