A good tax management plan
can be a key ingredient for the success of a company in Russia
. Tax minimization strategies
are legal ways to reduce the amounts payable by companies and they are an integrate part of a comprehensive wealth strategy. If you want to manage your assets effectively, our lawyers in Russia
can provide various legal services, including customized tax management and tax reduction strategies.
Tax minimization strategies in Russia
Charitable donations are a popular tax minimization strategy. Taxpayers can donate certain amounts and deductions can be made from these donations. Donations are most easily made in cash, but they can take the form of tangible and intangible assets. Deductions may be available for interest paid on investment loans, especially when paying the interest in advance.
Bringing forward the tax deductions into the current financial year can also be a way to maximize tax deductions. This means that investors in Russia can make certain purchases or investments in advance. Some examples include:
- anticipated gifts for employees or business partners,
- repairs for properties in Russia,
- paying subscriptions for memberships in advance.
When investing in Russia, it is advisable to seek the help of a professional tax planer. Our Russian law firm
can provide various services and offer you complete information about taxes in Russia
. Companies that operate in Russia should also know that the country has signed approximately 80 double taxation avoidance treaties
with other countries.
Why is tax minimization important?
Tax minimization is much more than trying to reduce the amount of money that must be paid when the annual income tax calculations are due. It involves long-term financial planning, dedication and a thorough understanding of different tax planning and tax management processes.
By incorporating tax minimization strategies into your company management scheme, you can ensure that your company in Russia won’t miss significant opportunities.
If you are interested in contacting a financial adviser or a strategic tax planner, please feel free to contact our lawyers in Russia
. We can help you with personalized services.