On May 29-31, the traditional Legal Summit took place in St. Petersburg, bringing together leading legal experts and business representatives. Speakers and guests of the event discussed topical legal issues and legal security of business.

The Tax Compliance team held tax debates this year. In the first part of the program, participants argued about the pros and cons of switching to tax monitoring.

In the second half of the program, there was a discussion about what is pre-check analysis for business: abuse of tax authorities or an opportunity to eliminate differences without penalties?

 “Provide information if the tax authorities see a tax risk where there is none,” advises Alexey Stanchin, Head of Tax Compliance practice area. In some cases, you can refuse to do it, but this way the company is deprived of another opportunity for defense and risks an on-site audit. If the risk is confirmed, it will allow to settle it without paying a fine of 40 percent of the amount of claims. It is possible to build a dialog with the Federal Tax Service through tax monitoring. The transition to it is voluntary - warned Fyodor Petrik, senior tax consultant at Tax Compliance. But a large amount of resources will be needed: it is necessary to build a system of tax risk analysis and control procedures, to give the tax authorities access to declarations, registers and primary documents of the company.

During the debate guests voted for their favorite position and asked questions concerning various aspects of tax monitoring and pre-check analysis. After the end of the event, the discussion of topics relevant to business continued on the Summit platform. 

You can read the article on the results of the event here.