Doubtful counterparties may become grounds for claims by the tax authorities. An audit by the Federal Tax Service could result in additional VAT and profits tax being charged. In order to avoid such consequences it is worthwhile to use the criteria according to which the Federal Tax Service assesses tax risks when checking counterparties:
1. Check the registration data on the extract from the Unified State Register of Legal Entities.
To assess the business reputation of the counterparty through the use of information resources (website of the organization, media).
3. Verify the fulfillment of tax obligations and submission of statements on the basis of publicly available information resources.
Mandatory stage of counterparty verification - monitoring the information about the counterparty in the database of the Federal Bailiff Service of Russia and court files.
5. The accounting records of the organization can be checked through the corresponding system of data provided by Rosstat.
It is important to draw conclusions based on the totality of these data and not to neglect any individual items. Evaluating the counterparty according to the above criteria will reduce the risk of concluding a deal with unscrupulous companies.
You can read the full article at Rusbankrupt.