The newspaper «Vedomosti» in its review with reference to various studies reports that citizens have become more actively interested in the topic of taxation and seek help from experts. Ekaterina Kopylova, Tax Compliance tax consultant, in the article of the edition highlighted the main reasons contributing to the increased interest.

Our expert connects the increase in requests from individuals not only with the classic «seasonality» (the end of the declaration campaign), but also with the tax reform, in particular, the change in the procedure for taxation of certain transactions. Private clients are now concerned with the issues of increasing personal income tax rates, changes in the rules in relation to CFCs, and limitation of exemption for income from the sale of shares (stakes).

In addition to the traditional aspects of property taxes and resident status, services on optimization and planning, as well as structuring of transactions and activities are in high demand. In particular, questions on opening personal funds, advising on closed unit investment funds (CLIFs) and various types of transactions and income, as well as on obtaining tax installments are topical.

Interest in various tax deductions remains unchanged, especially against the background of a general increase in the tax burden. However, their application is often not discussed separately, as the amount of potential tax savings compared to the total income of wealthy individuals is usually insignificant (except for property tax deductions).

Business owners, private investors and top managers of companies often seek professional assistance on these issues. They prefer a comprehensive approach, where lawyers analyze and take into account all tax liabilities and opportunities for their legitimate reduction, including property, social and other deductions. 

The Tax Compliance team is always ready to find a comprehensive solution to your tax issues. You can contact us in any convenient way.