How lawyers assess the expansion of monitoring – Kommersant

Yulia Orlova, partner of the Department of Taxes and Law of the DRT, evaluates the proposal of the Ministry of Finance positively, according to her, “there are a number of market participants from different industries who would like to become participants in the tax monitoring regime, but do not meet the current criteria.” Kept partner Ilarion Lemetuinen also draws attention to the fact that in order to join the tax monitoring, three criteria must be met at once – for income, assets and taxes: “If only two of the three criteria were mandatory, then even more companies could use it.”

Lawyers agree that it is interesting for business to participate in monitoring – according to Yulia Orlova, this has a positive impact on EBITDA. As Yekaterina Ryabova, tax partner of Trust Technologies, adds, the mechanism contributes to “improving the company’s internal control system and stimulates an increase in the level of automation of its accounting processes.” Ilarion Lemetuinen also notes the reduction in costs due to the reduction of paper workflow and the time to distract employees for control activities, as well as the reputational advantages – “public recognition of the organization as a responsible taxpayer that conducts a transparent business.”

Evgenia Kryuchkova