Dmitry Paramonov, Attorney at Law, FBK Legal and Alexander Sotov, FBK Legal's Partner on amendments in tax law

Dmitry Paramonov, Attorney at Law and Alexander Sotov, FBK Legal’s Partner in their interview to Direct Investments magazine commented upon amendments in tax law passed last year.Among the amendments, good from the taxpayer’s point of view, are: tax-exempting income in the form of property, property rights and non-property rights in the amount of their estimated monetary value, which were transferred to the business entity by participant in order to decrease net assets, debt forgiveness inclusively”, commented Dmitry Paramonov.

Alexander Sotov asked to consider that the government is in a rather complicated position: “They have to increase the tax burden for business in order to fulfill social liabilities and invest in development of the economy sectors which the state is interested in, while business, for a number of reasons, is not (e.g. machine engineering, science-driven productions etc.)”. According to him, if businessmen increase their investments in the relevant sectors, quite probably, it will be possible to leave aside increasing the tax burden.