Mazars Russia business advisory taskforce at your disposal during COVID-19 outbreak

Mazars team has always been solving vital business issues, adapting to the needs of our clients and the market. In light of the current crisis, we have built expertise to support your business. We focus on practical steps of implementing anti-crisis measures that can help companies in the current circumstances.

Submit request for proposal

1. RECOMMENDED MEASURES RELATED TO CHANGES TO LEGISLATION 

Implementing tax support measures and using tax reserves 

  • Analysis of the possibility of applying COVID-19 related tax support measures by a legal entity, with an assessment of the financial result of the application. Assistance in communication with the tax authorities (if necessary);
  • Identification of tax reserves (analysing the possibility of using privileges provided in the Tax Code, as well as sectoral and investment incentives). Supporting the practical implementation of these benefits;
  • Support during desk VAT refund audits, including the cases of providing services to foreign contractors, reimbursement of overpaid taxes (using tax reserves);
  • Developing measures to mitigate the risks associated with losses (restructuring and changing the operating model, changing the pricing model, including transactions with interdependent parties, etc.);
  • Financial structuring and repatriation of profits with respect to the expected changes in the legislation (starting to apply the MLI (Multilateral Convention to Implement Tax Treaty Related Measures), increasing dividend and interest rates up to 15% in a number of jurisdictions, etc.);
  • Including the company in the register of small and medium-sized enterprises to obtain additional tax and non-tax benefits.

Supporting commercial aspects of business

  • Assistance in settling rent payment issues related to COVID-19 (deferral of rent payments, reduction of rent rate): preparation of arguments for the specific case, support during negotiation process, preparation/verification of supplementary agreements to lease agreements;
  • Legal support of remote sales (consulting on legal aspects of implementation, preparation of internal documents, remote sales rules, personal data processing policy, verification of website content);
  • Legal support in resolving disputes with counterparties, including the cases of non-fulfillment of contracts;
  • Legal support in debt settlement with counterparties.

Managing human resources

  • Advisory on labor costs optimisation;
  • Legal support in optimising the approach to the structure of salaries and working hours;
  • Legal support in reorganizing HR activities.

Corporate structuring

  • Advisory and legal support in optimizing the company's corporate structure;
  • Consulting and legal support to assure correct paperwork for registration of corporate changes in the current situation;
  • Consulting and comprehensive support on termination of the company's activities.  

2. AS OF TODAY, THE FOLLOWING SERVICES MAY ALSO BE RELEVANT: 

Accounting Outsourcing

  • Standard accounting procedures / services
  • Replacing an accountant
  • Short-notice quarter closing
  • Transfer pricing notifications
  • Corporate reporting
  • Payroll (recalculations due to COVID-19) provided remotely

Mazars LABs (Consulting)

  • Robotic Process Automation (RPA)
  • Data & Analytics, including developing functional reports for making right managerial decisions

Financial Advisory Services

  • Forecast of financial effects in case of business restructuring
  • Deal advisory

* mandatory fields

PERSONAL DATA SUBJECT’S CONSENT TO THE PERSONAL DATA PROCESSING

I agree with the processing of my personal data by JSC Mazars (registered office: floor 2, office 3, 5, bld. 19, Nizhny Susalny pereulok, 105064, Moscow), “Mazars Audit” LLC (registered office: floor 2, office 12, 5, bld. 19, Nizhny Susalny pereulok, 105064, Moscow), hereinafter together referred to as “Mazars Russia”, when I:
(1) Visit Mazars Russia website and use its functionality;
(2) Tick “I Agree” box when completing web forms of Mazars Russia;
By providing my consent, I authorize Mazars Russia to process my personal data indicated in the respective web forms of Mazars Russia as well as the data obtained during my website visits and use of its functionality.
Mazars Russia may process my personal data to achieve one or several purposes as follows:
(1) dealing with my requests (proposals, feedback, claims, acknowledgments) including transfer of my request to member firms of Mazars https://www.mazars.com/Home/About-us/Serving-our-clients-worldwide to which it may relate and providing informational support;
(2) building up a database of subscribers to newsletters sent out by Mazars Russia and other member firms of Mazars, and updates on events organized by Mazars Russia and/or other member firms of Mazars as well as conducting surveys by Mazars Russia and Mazars;
(3) providing service proposals by Mazars Russia and other member firms of Mazars.
I agree to processing of my personal data using both automated and non-automated means, namely to obtaining my personal data, as described above, recording, alignment, accumulation, storage, adaptation (updating, alteration), retrieval, use, transfer (transmission, making available), pseudonymization, restriction, erasure or destruction of my personal data.
Mazars Russia may transfer my personal data solely to the member firms of Mazars, which may include cross-border transfer of my personal data to countries that do not provide adequate protection for personal data subjects’ rights to their personal data.
My personal data with respect to which this consent is granted may include:
(1) Full name;
(2) Name of my employer;
(3) My job position;
(4) Contact email;
(5) Contact phone number
(6) Other business contact details, as I may wish to provide to Mazars Russia.

This Consent is valid as of its provision and continues until its withdrawal**.

**You may recall this Consent in accordance with Article 9 of Federal Law No. 152-FZ “On Personal Data” of 27.07.2006 by sending a written request to Mazars Russia.