Our Tax practice is the largest in Russia, consisting of 400 highly professional Russian and Western tax specialists. Our solutions in taxation are based on the extensive knowledge and experience of our specialists as well as on our own methodologies.
We are organised around different aspects of tax and law, reflecting the need for in-depth specialist knowledge in each key area. But in many cases, knowledge of tax and law must be embedded in a thorough understanding of the specific needs of individual industry sectors. This is why we develop specialized teams for individual groups of industries. This allows us to rapidly assemble a team possessing the required tax and legal skills combined with relevant industry knowledge for any given assignment. As a result, we speak our clients’ language, and can meet their requirements through understanding their overall business situation, not just narrow individual issues.
| Tasks |
PwC solutions |
| Developing an efficient tax function |
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| Tax compliance supervision and assistance |
- Prepare tax reports and financial statements;
- Maintain tax accounting;
- Payroll accounting.
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| Customization of strategy and operations in new economic environment – tax considerations |
- Streamline and simplify your business structure;
- Centralisation of functions and their outsourcing to outside organisations;
- Sale of assets and business segment;
- Management of costs.
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| Liquidity management |
- Refinancing of debts;
- Cash repatriation and re-allocation;
- Management of money reserves and cash flows;
- Collection of receivables, factoring.
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| Tax aspects of M&As |
- Carry out pre-acquisition tax due diligence, advise on necessary restructuring and sale/purchase agreement reforms;
- Tax support in negotiations, including from the standpoint of contracts with a potential buyer/seller;
- Promote tax-efficient deal structuring;
- Acquisition structures and LBO modelling for private equity;
- Tax analysis of sale/purchase agreements and other deal documentation;
- Tax analysis for distressed acquisitions and debt restructuring.
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| International tax planning |
- Choose a tax-efficient ownership, management and operations structure;
- Structure profit repatriation and loss utilization;
- Structure inbound and outbound investments;
- Foster a tax-efficient supply chain and shared services.
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| Transfer pricing |
- Develop transfer-pricing guidelines for intra-group cross-border transactions;
- Transfer-pricing diagnostics;
- Draft documentation to justify the arm’s length nature of applied prices (for tax purposes);
- Examine intra-group supply chain and modify production & sales network.
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| Indirect tax and customs |
- Estimate VAT cash flows over the life of a project;
- Speed up VAT recovery for export transactions;
- Manage VAT charged to group companies on cross-border recharges;
- Customs diagnostics, advise on customs value, tariff classification, country of origin, customs risk management; identify cost-cutting opportunities related to customs clearance;
- Support on dispute resolutions, assist in customs permissions and clarifications.
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| Personal income tax management and reporting |
- Individual tax planning including international tax advice and compliance assistance;
- Tax effective structuring of remuneration packages;
- Development of long-term incentive plans as well as corporate pension plans from HR, tax and legal perspectives.
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| Tax disputes resolution |
- Pre-trial resolution and in-court settlement of tax disputes;
- Monitoring the enforcement of arbitrazh court rulings;
- Consultation during criminal proceedings for tax crimes.
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