FBK at Tax Results of the Year Conference Held by Vedomosti

Mikhail Golovanev, Tax Litigation Project Manager at FBK Legal, has spoken at the conference titled “Tax Results of the Year” held by the Vedomosti business daily.

One of the sessions was dedicated to development and improvement of a company tax strategy and finding out how business can adjust to quick changing tax climate. Mikhail Golovanev has said that tax authorities often waive a ban on price control in uncontrolled transactions, which can lead to serious additional accruals for taxpayers.

“According to legal precedents in 2017, in order to revise prices used in transactions, tax authorities do not build upon incompliance with market prices as it is directly forbidden.  Additional accruals are now based on another terminology: actions aimed at tax avoidance, actions aimed at evasion of law etc.,” Mikhail Golovanev said.

 “Tax Results of the Year” is a business event held to discuss relevant and significant tax issues and socialize about the results of the discussion. It is attended by representatives of state bodies, finance directors, heads of tax planning and administration departments, heads of tax management departments, chief accountants, heads of companies, and heads of tax practice at law, auditing and consulting companies