Since January 1, 2020, a new type of tax control has been in effect - tax monitoring. A company that has decided to undergo this procedure starting next year must submit an application to the tax office no later than July 1 of the current year. The form of such an application was approved by order of the Federal Tax Service of Russia dated May 7, 2020 No. ММВ-7-15/184. The main advantage of tax monitoring is that it relieves organizations from on-site and desk tax audits. However, not all companies can apply for it...
Who can apply for tax monitoring
Tax monitoring is a voluntary procedure, but not for everyone. Tax monitoring can only be carried out in large companies with large volumes of tax payments. Therefore, if an organization is interested in a new form of relationship with the inspectorate, it first needs to determine whether it meets the established criteria. There are three such criteria, they are defined in paragraph 3 of Art. 105.26 Tax Code of the Russian Federation. That is, a company has the right to apply to the tax office for tax monitoring if the following conditions are simultaneously met:
