Accounting and tax compliance for the accredited branches and representative offices of foreign companies

Accounting and Tax compliance services

 

Branches and representative offices of foreign companies in Russia (like Russian subsidiaries with foreign investments) have to maintain accounting and tax records and file statutory reports with respect to the economic activity they perform.

Law Firm «PRIORITET» is happy to offer its clients professional service on accounting support and tax compliance issues.

 

Our accounting and tax compliance services shall include the following:

1. Complete accounting and tax compliance support for the accredited branches and representative offices of foreign companies and Russian subsidiaries with foreign investments, including:

1.1         Overview / analysis of settlements with debtors / creditors;

1.2         Payroll and calculation of the social (payroll taxes);

1.3         Expense reports processing;

1.4         Loans and financing recording;

1.5         Closing of the accounting (reporting) period;

1.6         Preparation of the purchase books and sales books;

1.7         Maintenance of the tax records;

1.8         Optimization of the taxable base;

1.9         Preparation of the tax returns;

1.10     Preparation of the accounting statements;

1.11     Preparation of the reports for the non-budgetary funds;

1.12     Representing the client’s interests before the tax authorities (based on a power of attorney), arranging for the pass of tax reconciliations and tax audits;

1.13     Preparation of the Accounting Policy;

1.14     Preparation of the documents for the RUB and hard currency payments (documents for the Currency control divisions);

1.15     Accounting of payment of RUB and hard currency payments;

1.16     Tax reporting and filing (arrangement for the filing of all necessary reports / returns with the tax authorities and social funds);

1.17     Consulting on tax and accounting issues.

2. Preparation of "zero" tax returns;
3. Preparation of the source documents (invoices, consignment notes, VAT invoices, acts, payment orders, cash orders, expense reports, etc.);
4. Preparation and filing of the tax and other reports with the tax authorities and non-budgetary funds;
5. Design and execution of the documents on personnel;
6. Arranging for the pass of tax reconciliations and tax audits;
7. Preparation and filing of the documents on personnel recording with the Pension Fund; filing of 2-NDFL reports with the tax authorities;
8. Arranging for remote access to the accounting data.

 

Our charges for the accounting and tax compliance services :

 

-        Our fees for complete accounting and tax compliance support (clause 1): from RUB 20 000 (approx USD 700) (per month)

-        Our fees for preparation of "zero" tax returns (clause 2): RUB 7 000 (approx USD 250) (per quarter)

-        Preparation of the source documents (clause 3): RUB 300 (approx USD 10) (per 1 documents)

-        Preparation and filing of the tax and other reports (clause 4): from RUB 20 000 (approx 700) (per quarter)

-        Design and execution of the documents on personnel (clause 5): RUB 1 500 (approx USD 50) (per 1 employee)

-        Arranging for the pass of tax reconciliations and tax audits (clause 6): from RUB 10 000 (approx USD 350) (per 1 reconciliation)

-        Preparation and filing of the documents on personnel with the Pension Fund (clause 7): RUB 3 000 (approx USD 100) (per 1 statement / report)

-        Remote access to the accounting data (clause 8): from RUB 5 000 (approx USD 170) (per month)

-        Expenses for the documents translation into Russian – shall be paid separately on the actual basis.

 

We will be happy to render the above services to your company. Please contact us at your convenience.