The Joint Stock Company «Law & Investments» is a Moscow based professional services business, specializing in tax law with the goal of saving or recovering the cash assets of its clients.
«Law & investments» is a member of Canada Eurasia Russia Business Assosiation (CERBA).
It is also a member of Canada Eurasia Energy & Industry Alliance, where it is included in list of legal firms together with world famous Baker & McKenzy.
Our goal is to protect the financial interests of Russian and foreign taxpayers doing business under the laws of the Russia Federation. We also provide legal support for investment activities carried out by foreign companies within the Russian Federation. The success of our law practice is based on our knowledge and extensive practical experience gained in the field.
Companies specialists render tax consultations, also including service provided to subscribers on a monthly basis, represent taxpayers interests with tax authorities and in courts. If and when so required and also by request of taxpayers we represent our clients interests in Consulting center of the RF Ministry for Taxes and Charges and it renders professional advice for taxpayers with regards to application of tax laws and regulations in complicated situations.
Apart from «routine» disputes with tax authorities (certificates of reviews, demands to pay, etc.), we carry out pre-trial work which, in many successful cases, results in the reduction of the clients tax obligation. We also regularly succeed at reducing our clients tax liabilities resulting from errors or improper demands of supervising authorities.
We hope that your managers and finance specialists of will take benefit from the herein contained proposals on some of the most disputable topics of tax legislation, specifically the following: imposition of VAT, road users tax, tax on housing and social & cultural amenities charged on expenditures incurred by a business at its own account ( on a self-financing basis) when carrying out plant — related construction projects; denial VAT exemption on proceeds gained by an enterprise from export operations in the instance when such proceeds are transferred to third parties (commissioned agents, etc.) account instead of exporter’s account; imposing of fines resulting from delayed payment of taxes resulting from extraction of minerals and raw materials (eg. oil/gas/gold/forest products/seafood); imposition of fines on overdue «advance tax payments» (many foreign firms suffer in this regard); imposition of extra charges on profit; Disputable questions of the tax to profit regarding application of a remission for capital investments of the period before 2002. Imposition of excise tax on oil refining activities; resolution of disputes and issues encountered by investors and operators when performing under PSA; denial to refund `overpaid taxes` ( charges and levies); taxation of `accounts receivable’ appearing to be unrealistic for collection when such amounts are written off; disputable issues of tax liability applied to alien citizens within the Russian Federation.
The above specific issues in which the opinion of «tax authorities» may be demonstrated to be unlawful with sufficient degree of certainty, have already been solved by many taxpaying organizations using assistance of our experts through court procedures and on a pre-trial basis.
In additional to the above, there are many other tax-related problems which are specific for each particular enterprise (eg. taxes charged on users of land and other natural resources, tax on fuel & lubricants, customs duties and levies, taxes on donations, below-cost sale, etc.) Our experience suggests that in each particular instance of the dubiously construed taxation-related matter one has to consistently defend its own rights. Without prejudice to the professional qualifications of the «in-house» or ‘retained from outside legal experts, we are confident in our ability to provide to Business managers with highly professional assistance relating to taxation issues. Moreover, in more serious cases, we are prepared to enter into legal conflict with the Russian tax authorities while arguing in behalf of our clients tax related interests.
Should you be interested in one of the above, propositions, we invite you to contact us and we do our very best to provide our special attention to your particular tax related issues.
- imputation of VAT, road users tax, tax on housing and social & cultural amenities charged on expenditures incurred by a business at its own account ( on a self-financing basis) when carrying out plant - related construction project;
- denying VAT exemption on proceeds gained by an enterprise from export operations in the instance when such proceeds are transferred to the third parties' (commission agents, etc.) account instead of exporter's account;
- imposing fines on the delayed charges payable to the account of reproduction of minerals and raw materials supply base;
- imposing fines on overdue decade ( advance) payments;
- imposing extra charges on profit;
- payment of excise tax charged on oil transferred for refining (give- and- take raw materials);
- resolution of disputes and issues encountered by investors and operators when performing under Agreement for division of goods;
- denying to set-off overpaid taxes ( charges and levies);
- taxation of accounts receivable appearing to be unrealistic for collection when such amounts are written off;
- disputable issues of tax liability applied to alien citizens within the Russian Federation;
- statutory charges payable to maintain the fire security team, etc., at the rate of 0, 5% of the construction works budgeted cost.
The said specific problems on which the opinion of taxation authorities may be recognized unlawful with sufficient degree of certainty, have already been solved by many taxpayers under assistance of our experts through court procedures and on a pre-trial basis.
Apart from the above listed there are many other tax-related problems which are specific for each particular enterprise (taxes charged on users of land and other natural resources, tax on fuel &lubricants, customs duties and levies, taxes on donations, below-cost sale, etc.) Our experience suggests that in each particular instance of the dubiously construed taxation-related matter one has to consistently defend one's own rights. Without prejudice to the professional qualifications of the in-house or retained from outside legal experts, we are sure that we are able as well to provide to the management our highly professional assistance in taking decisions on taxation issues.
Should you be interested in any one of the propositions, if you have any problems of business, finance or tax-related nature, please, contact us and we shall no doubt achieve the best result through our joint efforts.
