Accounting services

Suprema Lex provides a full range of services in the field of accounting:

1. Restoration and setting up of accounting and taxation management in all its sections on different tax systems;
2. Keeping records of the companies engaged in foreign economic activity, importers and exporters;
3. Preparation and maintenance of supporting documents, registers and reports, as well as providing all types of reports to the relevant regulatory authorities:

• calculating employees' salaries;
• preparation of documents;
• HR records management;
• document management;
• representation in non-budgetary funds, statistical agencies and other state bodies;
• consulting services;
• courier services, etc.

We can visit the client to assess the scope of work, drawing up an accurate schedule with prices for each of the services.

The Tax Code obliges individuals to report income received from sources in the Russian Federation and outside the state (sale of an apartment, car, income from renting out property, received dividends, etc.). On the other hand, it is possible to return paid personal income tax at the expense of tax deductions:

• property deduction for the purchase and construction of real estate, mortgage interest paid;
• social deduction for education (own or children's);
• social deduction for expensive treatment, etc.

Filling out a Personal income tax Declaration (3-NDFL) for people who are not related to accounting may cause some difficulties. You have to study the legislation, understand the acronyms such as OKTMO (Russian National Classification of Municipal Territories) and KBK (Budget Classification Code). If there are errors in the submitted Declaration, the taxpayer will be refused with the tax refund.

Our specialists will draw up a Personal income tax Declaration (3-NDFL), analyze tax reduction options, consult on the necessary documents, and harmonize the method of filing a Declaration.

Individuals and legal entities who are residents of the Russian Federation and hold a share of more than 10% in a foreign company must submit a notification of participation in a foreign company to the Tax Inspectorate at the location of the organization or at the place of residence of the individual. It should be done within 3 months from the date of acquisition of the interest or shares. When changing the share or terminating participation in a foreign organization, the notification period is also 3 months.

KIK notification must be submitted annually by March 20, the year following the year in which the KIK's profit is recorded as the controlling person's income, if:

• the share in the foreign company exceeds 25%,
• the share of participation in foreign company (together with their spouses and minor children) is more than 10%, and herewith the share of participation of all individuals, recognized as tax residents of the Russian Federation, in company is more than 50%,
• the controlling person has the ability to influence the decisions made by this company in relation to the distribution of profits after tax, even without owning the necessary interest in a foreign company.

Important: since January 1, 2020, a new notification form has been introduced!

Penalties:

• failure to submit a notification about a Controlled Foreign Corporation or provide false information in the notification - 100 thousand rubles for each company.
• failure to submit a notification of participation or provide false information in the notification - 50 thousand rubles for each company.