August Issue of “Financial and Accounting Consultations” is Out

The new issue presents a survey of changes in laws as well as the articles of FBK Legal specialists on vital questions.

For example, the article of Ekaterina Golubeva, FBK Legal senior lawyer, of “The impact of discount on the adjustment of VAT deduction paid at the customs” examines the situation when the goods imported to the Russian Federation at a discount. Such discounts and incentives are frequently used by the economic subjects in their daily practice in order not to lose a client.

According to Ekaterina Golubeva, such practice often causes disputes with the tax authorities as to how to qualify this or that type of promotion and the time for it to be reflected in the tax accounting when selling the goods on the RF territory.

The article also dwells on the tax consequences in respect of VAT that may entail the provision of discounts and incentives affecting the cost of goods.

The pilot number of the “Financial and Accounting Consultations” monthly e-journal came out in September 2009. The periodical continues covering the subjects of business magazines “The New in Accounting”, “Your Tax Advocate” and “Financial and Accounting Consultations” formerly published on paper.

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