ALRUD seminar “Relevant questions of tax legislation and judiciary practice development in 2015 and changes projected in 2016”

Today business is forced to exist in new economic reality: high currency risks, economic sanctions, intensification of measures against money withdrawal to low-tax jurisdictions and many other.

Russian companies require additional financial support, they have to vary prices, change terms of agreements and make concessions for contractors. In its turn, the government attempts to increase amounts of tax injections, makes changes in the practice of tax authorities and courts’ approach to tax disputes settlement, therefore increase the amounts of tax additional accruals and penalties upon the results of tax audits.

As a result, taxation risks for company increase due to attracting finances and restructuring debts, while intra-group deals and pricing require more detailed working out. In these circumstances, it is essential to strictly follow all the requirements of tax legislation, evaluate potential tax risks and follow trends, established by Judiciary Practice.

In the framework of the seminar, ALRUD specialists presented about:

• Taxation risks connected with attracting debt financing, bearing in mind recent tendencies of judiciary practice;
• Current practice of price control established by taxation authorities and planed changes in transfer pricing;
• Taxation risks and separate aspects of signing itra-group agreements;
• Changes in application of agreement concerning double taxation elimination and the concept of “beneficial owner of the income”.

Among the speakers were Maxim Alekseev, Senior Partner, Elena Novikova, Counsel, and Sergey Artemiev, Attorney.