Julia Talagaeva speaks at CFO conference in Saint Petersburg

On September 20, 2024, at Hotel Kostas, the Russian-German Chamber of Commerce held one of the key events of the fall—CFO Conference 2024. It brought together leading financial management experts, enabling participants to discuss current trends, innovative approaches, and development strategies in a modern environment.

Key industry speakers spoke at the conference, including CFOs of large Russian and German companies, representatives of consulting firms and government agencies. The topics discussed included digital transformation in the financial sector, risk management, tax reform, and effective budget planning in the face of uncertainty.

Julia Talagaeva, Senior Associate at Forte Tax & Law, took part in the second panel discussion. She covered the topic ‘Current Practice of Customs Inspections: Dividends, Royalties, VAT, and Customs Value’.

“In 2024, customs audits have shown a considerable growth in efficiency, especially when it comes to the understatement of customs value by importers and inaccurate data on the classification code of goods. Among the risk factors are the payment of dividends and license fees and payment for agents’ services to make payments under foreign economic transactions,” Julia pointed out.

During the event, representatives of Forte Tax & Law shared their experience with their colleagues from other organizations, took part in the discussions, and even received some valuable recommendations that they can later use to implement their clients’ financial strategies.