In the first Tax Podcast 2025, Ivan Tsvetkov and Alexey Stanchin, heads of TC's tax practice, discussed the key principles and importance of the tax compliance system in business. 

Co-operation with counterparties that have the signs of ‘bad faith’ often leads to tax claims from the controlling authorities. A properly structured tax compliance process, which should become an integral part of the business process, helps minimise these risks. 

The experts noted what points should be paid attention to when assessing a company's existing compliance system, as well as what approaches should be used when implementing it, taking into account the industry specifics of the business. 

Ivan Tsvetkov presented the concept of an effective compliance model, taking into account the experience in developing and implementing such systems, and highlighted its key stages and constituent elements of the counterparty due diligence process. 

The experts paid special attention to the principle of materiality, i. e. the need to apply different depths of due diligence depending on the size of the transaction, so as not to weigh down the compliance process and not to let it slow down key business processes. 

This and other useful podcasts are available on RUTUBE, VK and YouTube. Here you will find reviews of key tax developments and expert solutions from the TC team.