Taxation

Company Tax Reports in Russia
Tax Consulting in Russia

Company Tax Reports in Russia

Specifics of Company Tax Reports in Russia

Russian accounting is not predominantly influenced by commercial law, but by tax regulations. Accounting is thus extremely formalistic, and the russian legal requirement to report quarterly, including the balance sheets and profit and loss statements, leads to a enormous amount of work. Each quarter about 15 documents must be filed.

Specifics of Russian Tax Consulting

Many Western companies underestimate the seriousness of tax consequences during the initial stage of the business set-up that takes place in Russia. Once a decision is taken, it is very difficult to have it reversed. Therefore, comprehensive tax advising prior to the company registration in Russia is crucial.