doing business
Tax-free transfer of property in business: which instrument to choose?
Why might a tax-free transfer of property be required? The change of ownership of property by concluding a sale and purchase agreement is recognized as a sale and entails the need to pay VAT and income tax (when applying the general taxation system). In the event that the property is transferred in a single group of companies, the occurrence of tax liabilities is highly undesirable: in fact, the property remains in the ownership of the same beneficiary, and taxes must be paid. In addition, a tax-free transfer (change of ownership) of property in a group may be required:
To increase the level of property security. Obviously, “vital” property for the business should not be in the operating sector. Continue reading
Control of operations with cash and property
The institution of mandatory control over transactions with money and other property is one of the basic elements of the functioning of the Russian system for countering the legalization and laundering of proceeds from crime, the financing of terrorism and the proliferation of weapons of mass destruction. The fact that Russia has occupied a leading position in the international system of combating money laundering in the past few years is largely facilitated by regular legislative activity to improve the legal regulation of the relations in question. Continue reading
Important changes for cardholders
Increased control over card transactions
Even in that year, it became known about the amendments to the 115th law. Now banks are required to report to Rosfinmonitoring on the following transactions of their clients:
opening a deposit and a deposit linked to a bank card for another person in the amount of 600 thousand rubles or more;
withdrawing a similar amount or crediting it to your own bank card; Continue reading
