Development of the tax practice of the “beneficial owner” concept

On March 3, 2016 the Commercial Court of Moscow rendered a decision on case No. А40-241361/15 (the “Decision”) under the claim of BANK INTEZA joint stock company (the “Russian Company”). The decision contains a number of findings that in future may be used by both tax authorities when conducting tax audits, and by taxpayers to assess their risks when the beneficial owner concept is applied. Continue reading “Development of the tax practice of the “beneficial owner” concept”