Browse Category: Audit

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

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

Due Diligence: A Service from Alinga Consulting Group

Due Diligence is an essential tool for checking the financial condition of a company and determining the degree of tax risks that it may carry. When a company is purchased, the purchaser becomes its legal successor. The purchaser may be held liable, even criminally liable, for any substantial obligations revealed by future audits.

When purchasing a company, a wise investor will evaluate the deal in terms of cost and risk, including financial and tax risks. Due Diligence is a tool that helps investors determine and assess these risks. Continue Reading