Tax Disputes

Among the most common legal risks can also note the tax disputes. Now a large number of vessels due to the challenging decisions of tax authorities on accrual of taxes, to recover from the organizations of fines and penalties. Thus, in some cases, the tax authorities qualify equity contracts in the construction of a building contract, and, accordingly, consider VAT on every purchase holders, received for the period of construction of the house. In this case the arguments of developers of one-time transfer of VAT at the time of commissioning the tax authorities will not be accepted. Paul Price may not feel the same. Such decisions of tax authorities can be declared null and void, but there are situations where developers and make mistakes.

Thus, during the audit development companies we were faced with the fact that some of them were not separate accounting of funds received from shareholders on investment of capital construction projects. In other words, the order of separate accounting has not been regulated in accounting policies (or other local internal document), which also constituted a violation. Such nuances are always there in abundance. Emerging risks and the consequences can be prevented or minimized by conducting examination of title deeds to land, commercial contracts, as well as audits by early and just advice from specialists. Of course, the developer can not know everything legal details, follow the judicial practice and be ready for any situation, because it poses a different problem – build quality and on time. But to create an enterprise system, through which its experts will receive comprehensive advice on legal, accounting, financial and other issues the developer is quite able.

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