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February 04
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Many Russian branches of foreign companies and firms with foreign founders have encountered delays in the process. One of the difficulties is related to the reluctance of head offices to continue paying taxes in Russia, RBC reports citing a statement by experts of the consulting company Business Solutions and Technologies (BST, ex-Deloitte).

"Many Russian branches of foreign companies and firms with foreign founders that have started the liquidation procedure face long delays in the process due to interaction with tax authorities. Since the beginning of March are in limbo are a lot of companies in liquidation, " the article says.

In addition to the decision of the head offices of several foreign companies not to pay taxes in Russia, there are other problems that complicate the process of liquidation of branches of foreign companies. Among the main difficulties also - the organization of field tax inspections immediately after the announcement of the liquidation of branches, as well as the lack of application from foreign firms to terminate the liquidation procedure.

"We recommend that companies immediately submit an application for termination of liquidation procedures if an on-site tax audit has begun in order to save time", advised Irina Barchuk, manager of the BST tax dispute resolution group. 

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