Verifying the income gained and taxes paid by your counterparties

08 October, 2018

The Russian tax authorities frequently challenge the expenses and input VAT that companies have incurred on transactions with shadow companies. On 2 October 2018, the Russian Federal Tax Service published on its website a new set of information on taxpayers that can be used for verification purposes. From now on, when using the FTS portal to check on a counterparty, you will be able to see the following information: records on the counterparty from the Unified State Register of Legal Entities (USRLE); taxies and levies paid by the counterparty for 2017; income and expenses reported in the counterparty’s financial statements; the average number of employees at the counterparty; special tax treatments applied by the counterparty; and information about the counterparty’s membership in a consolidated group of taxpayers.

Information and records about tax offences (if any), unpaid tax balances and overdue taxes and levies are expected to be published in December 2017.

Contact us

Yana Zoloeva

Partner, Russia Tax and Legal Leader, PwC Russia

Tel: +7 (495) 967 6000 (ext.5221)

Valeria Efremova

Senior Tax Manager, PwC Russia

Tel: +7 (495) 967 6378

Follow us