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Debt forgiveness, when a lender refuses to repay borrowed funds, is a complex legal and financial issue. If the debt is forgiven by a foreign company, then the taxation of this process may become an object of attention of the tax authorities.
Liquidation of inactive legal entity by the tax authority is a multi-stage procedure, which takes place in strict compliance with legal requirements. Commercial organization is not considered dissolved even if it has ceased to conduct its business activity until the relevant entry in the registry about it has been made.
Registration of German citizens in Russia is a registration of a foreign citizen with the migration service. It is closely related to the state activities aimed at collecting and analyzing information about foreign citizens temporarily or permanently residing in the Russian Federation. Registration allows to track movements of foreign citizens within the country. This procedure is mandatory for every person without an Internal Russian passport; and here residents of Germany are no exception.
A variety of conflicts may arise between entrepreneurs: around compliance with the terms of contracts, financial obligations, property rights. One of the most common disputes is over supply contracts, when suppliers violate deadlines or violate the quality and characteristics of goods.
Most companies attract independent auditors from time to time, because this is required by law. The cost of audit services is quite high, and it needs to be carried out through accounting, properly taken into account in the balance sheet. According to the laws of the Russian Federation, specialized companies and individual specialists who are included in the register of one of the self-regulating specialized organizations can be engaged in auditing. Accounting of audit services assumes that the company invites independent specialists from outside. Even if there are qualified auditors in the company’s staff, you cannot attract them, because you will not be able to observe the principle of independence and impartiality.
So that a foreigner has an opportunity to live in Russia for several years in a row, work freely and do business, it is necessary to receive a residence permit. In addition to the fact that it officially confirms the right on permanent residence, this document gives the foreign citizen the same advantages as to most of Russians. Except perhaps the right to participate in elections. But how long does a residence permit in Russia last?
In the process of carrying out a particular activity, legal relations arise between companies and citizens. Sometimes it happens that there are disagreements between the parties to the legal relationship, and disputable situations arise. In order to resolve such situations, the parties to the dispute are often forced to apply to the judicial authorities. The concept of “justice” includes the settlement of any disputes in court.
The settlement account of a foreign company in Russia is a deposit opened in one of the Russian banks for mutual settlements with counterparties and other domestic and international financial transactions. It is important to take into account that any foreign company that operates in Russia has the right to open a current account with an authorized banking institution. This right is prescribed in Article 13 of Federal Law No. 173-FZ dated 10.12.2003 “On Currency Regulation and Currency Control”. What needs to be done for this, we will tell you in this article.
The global economy is becoming increasingly integrated, and many companies are looking for opportunities to collaborate with foreign partners. However, taxation when entering into contracts with foreign organizations can be a complex and important aspect that must be taken into account for successful cooperation.
The liquidation of a limited liability company is the complete cessation of the company’s work from the point of view of an economic entity, as well as the closure of the LLC itself without transferring it to another person.
During tax audits, inspectors draw attention to all non-gratuitous services, including consulting, marketing and legal services. Therefore, it is important to correctly conduct accounting of legal services. Moreover, in relation to this type of services, the problem of proving compliance with the legislation requirements may arise. This mainly concerns its inclusion in the structure of expenses for income tax and for VAT deduction.
Professional audit of tax accounting helps to avoid problems with legislation, optimize tax base and make the activity of enterprise more efficient. Companies with multi-level structure, including holding companies, especially need tax audit. This service is also popular among companies with extensive network of branches, among medium and small businesses.
Tax planning and tax optimization is important part of entrepreneurial activity. These are legal measures that business takes to reduce tax burden: fees, duties, mandatory payments. Goal can be achieved through benefits, deductions, lower rates, right to return.
In 2022, a moratorium on unscheduled inspections of businesses by supervisory authorities was introduced. The government has extended this measure for 2024 – inspections will be carried out on a reduced number of grounds. This norm is aimed at business development and overcoming anti-crisis measures. An unscheduled inspection can be…
