Currency regulation

Challenging of the tax authority decision on violation of the terms of loan repayment, issued by the taxpayer to a foreign company.

• Duration

  June 2019 - March 2020

• Employees involved

  Mikhail Begunov, Andrey Solomyany

• Process description

  In the opinion of the tax authority, the organization violated the term for receiving (returning) the deposit by a resident of foreign currency in accordance with the terms of the loan agreement issued by the taxpayer to the foreign company

• Result

  As a result, all claims of the tax authority with regard to violation of terms for receiving foreign currency by a resident in accordance with the terms of the loan agreement were successfully challenged in courts of 3 instances, as the tax authority did not take into account the submitted additional agreements to the loan agreement with the foreign company.