Analysed tax risks and developed tax calculator for group companies

A team from the tax practice performed a comprehensive analysis of the tax risks and tax potential of companies that form one of the largest groups in Russia. 

Within the scope of this project our lawyers analysed the report, internal company documents, contract documentation, and special features of the group’s companies’ business activity. They conducted multiple interviews with employees; formed a report containing cards of the tax potential and tax risks; prepared a proposal for restructuring the group taking account of the tax payments performed, risks and potential; prepared proposals to re-distribute financial flows; and prepared a tax calculator to be used in the process of budgeting as well as forecasting financial flows.

In addition, our lawyers provided recommendations on some controversial situations which had remained unresolved over an extended period of time.

The tax calculator that we have developed is a unique instrument that the client had never used previously. This is a universal solution which can be used for budgeting and forecasting financial flows of group companies, taking into consideration the tax accounting and bookkeeping of such group companies and the industry-related specifics of their activities.