Accounting and Tax reporting

Although Russian accounting principles are fundamentally based on IFRS, there are key differences between accounting and tax reporting rules in Russia.

We provide a full range of accounting and tax reporting services throughout Russia. We prepare and file all mandatory accounting, tax and statistical reports for your business. Our services include:

  • Day-to-day accounting recordkeeping;
  • Accounting system design;
  • General ledger maintenance;
  • Monthly and year-end closing support;
  • Accounts reconciliations;
  • Petty cash reports processing;
  • Depreciation schedules;
  • Accounting software assistance;
  • Customization of accounting systems for client-specific needs;
  • Assistance with selecting optimal fiscal strategies to minimize tax base;
  • Tax reporting and compliance including corporate profit tax, assets tax, VAT, land tax, transportation tax and personal income tax returns;
  • Financial statement preparation;
  • Tax returns for entities with simplified tax regime and regular VAT regime;
  • Financial reviews for management;
  • Production of various analytical reports across business segments and regions;
  • Bank account set-up and payments processing;
  • Representation of clients before the Russian tax office;
  • Assistance with VAT off-sets;
  • Transfer pricing control;
  • Reports for company headquarters under client standards;
  • Enforcement of double tax treaties provisions with respect to dividends, interests and royalties;
  • B2B Electronic document interchange.