A foul blow

Maxim Rovinskiy, Partner and Head of the Tax and Customs Law of the Law Firm "YUST", commented for the Russian Business Newspaper on the news that the FTS had expanded the list of tax risks for the companies, when they evaluate their activity by themselves. The new schemes of financial and commercial activity with high tax risks concern the transactions involving precious metals in bars, so such transactions are widely used in the jewelry market.

Maxim Rovinskiy is convinced: "The introduction of the schemes into the materials of assessment of tax risks is seriously lagging behind, because, as a rule, occurs pursuant to the results of discovery of multiple uses of a certain scheme in the past tax periods. Still, this is a warning signal for the taxpayers to audit the contractual structures that are in use".

Read more