The Russian Federal Tax Service publishes importance of due diligence procedures to combat tax evasion

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The Russian Federal Tax Service’s has recently explained the introduction and definition of the concept of an unjustified tax benefit regarding disputes relating to contracting commercial parties who act in bad faith. The tax service joined forces with a Russian law firm to publish the legal clarification for companies and individuals which exemplifies the need for all companies to follow appropriate due diligence procedures in order to follow the correct taxation procedures.