Compliance diagnostics of internal control with requirements for tax monitoring participants
Compliance diagnostics of internal control (IC) with requirements for tax monitoring participants is conducted before an organisation enters the tax monitoring regime. This ensures the IC can support accurate tax calculation and timely payment of taxes, fees, insurance contributions, identification and minimisation of tax risks, and compliance with the Russian legislation.
The IC is assessed across five components:
- control environment;
- risk identification and assessment by the organisation;
- control procedures;
- information systems;
- monitoring of controls.
Areas of focus in IC compliance diagnostics:
- Evaluation of the taxpayer’s IC compliance with Order of the Federal Tax Service of Russia No. ED-7-23/518@ dated 25 May 2021.
- Development of recommendations and procedures (roadmap) for transitioning to tax monitoring.
Upon completion of the diagnostics, the client receives:
- Assessment of the taxpayer’s IC compliance with requirements of the Federal Tax Service of Russia.
- Evaluation of readiness to transition to tax monitoring.
- Recommendations and a roadmap for transitioning to tax monitoring.
Our advantages
Solid Reputation
FBK consistently takes top positions in RAEX largest industry ranking and other professional rankings.
Expert Team
FBK experts have proven expertise – audit diplomas, ACCA (DipIFR) certificates, IAB and professional accountant certificates from the Institute of professional accountants of Russia (IPAR).
One-stop shop principle
Each project is supervised by a dedicated project manager to ensure seamless coordination.
Key Persons
