The Russian Federal Tax Service (the FTS) has sets out guidance for tax inspectorates on how to identify tax-avoiding misrepresentations of business operations and the use of sham companies.
According to law firm Baker McKenzie, the FTS issued a letter clarifying Russian Tax Code’s provisions on tax avoidance and outlined a methodology for tax inspectorates on how to identify misrepresentations of business operations, check material facts and intent to use sham or "fly-by-nigh...
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