On May 23, the partner and head of tax practice of INTEGRITES Victoria Fomenko and lawyer of tax practice Oleg Kotliar held a seminar devoted to “Strategy of business conduct in the conditions of BEPS”.
Speakers presented in detail the business challenges dictated by BEPS. In particular, Viktoria and Oleg put the emphasis upon the impact of the MLI on the application of double tax treaties (DTTs), as well as the influence of the rules of CFC, CRS and European anti-tax avoidance rules on business structuring, registration of companies and opening of accounts with foreign banks.
Visitors also learned about substance requirements for offshore companies, including the place of effective management in the jurisdiction, as well as the adequate full-time employees with suitable qualifications in company; physical presence in the jurisdiction; the relevant activity’s core income-generating activities in jurisdiction, etc.
For full text of presentation please follow the link.