How can companies avoid additional tax burden

10:11; 29 December 2024 year

There are many ways for businesses and tax authorities to optimize their tax burden, and if companies resort to them, the tax authorities will try their best to discern in these actions the very intent that allows them to pay less taxes. In an era of endless business fragmentation, fiscal officials have become particularly suspicious, and they look for a reason for additional charges in any restructuring. If a foreign counterparty suddenly appears in the schemes, the chance of falling under suspicion increases many times, and an attempt to restructure the business can turn into big trouble.

Tax non-residents are individuals who reside abroad for more than 183 days in a calendar year, and foreign companies. However, tax non-residents must also pay taxes in Russia upon receipt of certain types of income.

Non-residents pay the usual personal income tax or income tax, however, in practice the term "withholding tax" is often used, since non-residents pay taxes in Russia exclusively on income that, in accordance with the Tax Code of the Russian Federation, is recognized as income from sources in the Russian Federation.

What is recognized as income from sources in Russia? How can companies avoid additional tax burden? What is considered a hidden profit sharing? You will find answers to your questions soon on our website.

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