FBK Legal’s Team Reviews the Introduction of a Taxpayer ‘Scoring’ System

The Ministry of Finance of Russia has prepared and issued on the Federal Website of Draft Regulatory Legal Acts Federal Law on Amendments to the Law ‘Concerning the Tax Authorities of the Russian Federation’. The draft law provides for the empowerment of the Federal Tax Service of Russia to analyse (assess) the financial and economic status and activities of legal entities, as well as to approve the methodology for such analysis (assessment).

Therefore, Minfin proposes to enshrine at the statutory level the authority of FTS to assess, using its own methodology, the financial and economic state of entities with the possibility of making the results of this assessment available to a wide range of persons. In the long run, a constant monitoring of its own assessment in the FTS service may potentially become a necessity, and in case of disagreement with the assessment or errors in the assessment results, there may be a need to appeal the actions of the tax authorities.

Read more on the new changes in our review.