Dear Sirs and Madams,
Due to COVID-19 and its consequences, 2020 turned out to be an economically difficult year: significant economic risks appeared in all areas of business. The question of the unreliability of counterparties is more relevant than ever. During tax audits, inspectors request information from counterparties, and according to its results, the tax authorities may declare transactions invalid, refuse to refund, or impose a fine. In this regard, we should think about how to minimize the risks associated with counterparties before a tax audit.
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