Tax clarifications issued by the Russian authorities: binding or not binding

Tax clarifications issued by the Russian authorities: binding or not binding

One of the hot topics in Russia is the unclear application of clarifications issued by Russian authorities in favour of taxpayers, in other words, whether the tax authorities are obliged to follow such clarifications or not. According to the international practice, obtaining a binding ruling is alwa...

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Bibliographic Details
Published in:International tax review p. 1
Main Authors: Pushkina, Irina, Budazhapova, Nina
Format: Magazine Article
Language:English
Published: London Euromoney Institutional Investor PLC 01-12-2007
Subjects:
Fines & penalties
Government agencies
International law
Tax regulations
Tax services
Taxes
Taxpayers
Russia
Online Access:Get full text
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Summary:One of the hot topics in Russia is the unclear application of clarifications issued by Russian authorities in favour of taxpayers, in other words, whether the tax authorities are obliged to follow such clarifications or not. According to the international practice, obtaining a binding ruling is always beneficial for the taxpayer since it provides clarity and should generally remove the risk that the tax authorities will try to charge the taxpayer with additional taxes and impose fines and penalties for related underpayment of taxes.
ISSN:0958-7594