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Indirect tax
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Customs & global trade Customs duties and international trade costs directly affect companies’ profitability. Non-compliance with customs regulations and reporting may result in significant penalties and costs for the business. In this respect, effective management of global trade decisions and obligations are an important factor in a company’s global supply chain. |
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Indirect tax (VAT) VAT alone, if not duly accounted for in a company's tax strategy, may increase the cost of operations in Russia by 18%. In addition, VAT can be a significant cash flow cost for businesses due to delays with VAT refunds or the necessity to pay output VAT in the absence of cash received from customers. Frequent changes in legislation and a lack of unified interpretation of this legislation by the tax authorities make indirect taxes a complex field of legislation. |
For further information, please contact Vladimir Kononenko, Partner, by phone on +7 (727) 258 13 40 or by fax at +7 (727) 258 13 41.
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