Anton Kabakov, Partner at Forte Tax & Law and co-chairman of SPIBA Financial Committee shared some transfer pricing news.

Delovoy Peterburg has published an article on Legal Forecasts or How the Market of Legal Services is Entering a Golden Age. Legal consultants discussed with Delovoy Peterburg journalists the changes expected in the legal market in 2018 as well as trends already noticeable on this market.

Anton Kabakov, Partner at Forte Tax & Law, spoke about tax practice and outlined the characteristics typical to tax law in 2018. “Tax law is the most dynamic area of law. Hundreds of amendments are introduced to tax laws every year. The main trend in 2018 is the “fight against the shadow economy” or the improvement of tax collection thanks to the fight against the shadow sector and the whitewash of the economy” comments Anton.

Anna Yakovleva, Senior Associate at Forte Tax&Law, commented on the prospects of labor law developments. Anna noted that “as if to bestow a “New Year’s gift”, the Ministry of Labor has scheduled most of its inspections in the first quarter of 2018. These labor inspections will be conducted as per a new format involving checklists, while the old practice of “one fine per single violation” will remain in place. Courts will, as a result, be flooded with cases challenging inspection results. We also expect tougher criminal sanctions on employers for delay in wage payments as well as in migration disputes arising from the 2018 World Cup.”

To read the full article, please click on this link

On behalf of the entire Forte Tax & Law team, I would like to wish you a happy New Year and a great start to the new business season! We hope that 2018 will be filled with success and achievements. To this end, we have put together a brief overview of the most important changes to be introduced to Russian laws so that you can be forewarned, and thereby forearmed, when they come into force in 2018.

Anton spoke about tax risk succession in M&A transactions (especially asset deals)

St. Petersburg International Business Association (SPIBA) Finance Committee held an event on Thursday November 16, 2017 to discuss the topic of General Director vs. Auditor. Thirty people, including consultants and business representatives, took part in this unusual meeting which was held in a kind of debate.

It will be difficult from 2018 onwards to transfer any property rights to a daughter (subsidiary) company without paying profit tax. It will also become more difficult to increase the net assets of subsidiaries

This seminar was held on October 11, 2017 in Helsinki

Anton talked in great detail about the issues related to the introduction in the Tax Code of provisions on unjustified tax benefits and also outlined the clearly contentious side of these changes.

Thin capitalization rules as set forth in Article 269 of the Russian Tax Code were significantly amended on February 15, 2016.