In recent years, the Russian business environment has undergone significant changes: the exit of foreign market players, ownership restructuring, import substitution, new logistics chains, entry of new companies from China and other Asian countries, among other factors. Combined with tax reforms and the increased need to offset budget deficits, these factors have highlighted the importance of reviewing assets from a tax perspective and applying various tax planning (optimization) methods.
Neglecting this situation may result in an excessive tax burden, reduced profitability, and significant additional tax assessments in the event of an official tax audit.
What the tax review includes
Marillion team of tax experts conduct a thorough analysis of your company’s tax activities — often referred to in the market as an initiative tax inspection, tax analysis, tax health-check, or proactive tax review.
The service is designed to help your business:
- Verify accuracy of tax returns;
- Assess tax risks and support informed management decisions;
- Determine the need to create financial reserves;
- Identify potential tax savings opportunities.
We aim to provide peace of mind in tax matters and ensure that your financial resources contribute to business growth.
Based on your needs, the scope of work typically includes:
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Review of proper tax base determination and tax calculation; |
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Verification of tax accounting methodology; |
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Assessment of economic feasibility and timely recognition of expenses taking into account the specifics of business activities; |
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Verification of supporting documents, including registers, contracts, deeds, reports etc.; |
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Analysis of the differences between accounting and tax reporting, recommendations on possible ways to increase tax efficiency; |
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Examination of the contractual relationship structure with performers (employment contracts, civil-law contracts, independent contractors) and the resulting tax risks; |
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Discussion of tax planning methods used, analysis of their impact on financial results and risk assessment; |
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Assessment of the likelihood of a favorable outcome in case of a tax authority dispute; |
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Developing recommendations on the arguments that the client can use to defend his position in case of claims by the tax authority; |
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Analysis of opportunities for legitimate tax optimization, allowing the most effective use of legal benefits and preferences. |
What results we will provide
This service allows the management and the owner of the company to get transparent and high-quality information about the status of tax processes and with the help of Marillion specialists reduce the amount of potential tax surcharges, identify additional resources in the form of tax savings.
When to conduct tax review
Our experience shows that a tax review is especially beneficial in the following situations:
- Change of ownership or business restructuring;
- Change in key management personnel;
- Change of chief accountant;
- Preparing for a tax authority audit;
- Preparing for a financial audit;
- Pre-sale preparation of the business;
- Company liquidation or transition to dormant status.
