Professional Activity

Projects completed

• Hong Kong offshore tax claim.
  While independently assisting in a tax audit of a Hong Kong company, it was necessary to substantiate the company’s eligibility for a tax exemption. During the audit, tax officers pointed out several transactions and requested supporting documents and details of the counterparties involved.
  A detailed analysis of the supply chain helped make an argument that the goods did not enter Hong Kong territory but were shipped directly from the supplier to the buyer in Kazakhstan. The inspector accepted the argument, and the company successfully retained its offshore tax status.
• Audit for a major coal company.
  The coal industry has some very distinct characteristics: substantial inventory volumes, complex logistics, long supply chains, subsidiaries and intercompany transactions. Particular attention was given to the transactions identified by the auditors as potentially high-risk ones, such as large-scale deals, intercompany settlements, revenue recognition issues, and coal inventories. For each such instance, we worked with the client to prepare detailed written explanations supported by source documents. The process resulted in a successfully completed audit with minimal findings, none of which affected the overall reliability of the financial statements.
• Liquidation of a Turkish company.
  A company registered in Turkey faced the task of ceasing operations. The process was complicated by the need to interact with various Turkish authorities – the Trade Registry, the tax administration, and the social security fund. My role was to manage the entire process from start to finish. This involved submission of all final tax returns and VAT deregistration. The tax administration conducted an in-depth audit, following which it was necessary to obtain a clearance certificate – a prerequisite for removal from the registry. In the end, the company was struck off the Turkish Trade Registry, and all obligations to creditors, employees, and authorities were fully settled.
• Filing financial statements and tax returns in Saint Lucia.
  In this project, I was responsible for ensuring full tax compliance for a company registered in Saint Lucia, where, effective 1 July 2021, all International Business Companies (IBCs) were reclassified as resident entities and required to file tax returns with the Inland Revenue Department (IRD). The initial step was to get a Tax Identification Number (TIN) and register the company with the Saint Lucian tax authorities. All documentation was prepared in English, adhering to local tax legislation and using the IRD-approved forms. Special attention was paid to deadlines as tax return late filing incurs a penalty of EC$ 500 for each month of delay. Concurrently, I organized the company’s bookkeeping in compliance with Saint Lucian regulations; although an audit is not mandatory, the company is required to maintain accounting records and produce them at the request of competent authorities. As a result, all reporting forms and tax returns were filed on time, and the company remained in good standing while avoiding penalties.
• Registration in the UAE for corporate tax purposes.
  As part of the project, I assisted with registration of a foreign company in the UAE for corporate tax purposes, given the new regulations that came into effect in 2023. The initial stage involved assessing the company against tax residency criteria and determining the appropriate jurisdiction (mainland or free zone). Then I prepared the documentation for submission to the Federal Tax Authority (FTA), including constitutive documents, beneficial ownership information, and financial statements for the preceding period. Particular focus was on income classification and eligibility for preferential tax regimes, specifically a regime for free zone companies that may qualify for a zero-rate tax if they meet the ‘Qualified Free Zone Person’ criteria. As a result, the company was successfully registered with the FTA, obtained a tax registration number, and was able to conduct business legally while fully complying with the UAE tax regime.
• Oversaw over 30 company liquidations in jurisdictions such as Hong Kong, Cyprus, the UK, the UAE, and others.
  
• Completed over 200 engagements involving financial statements and audits in jurisdictions such as the BVI, Belize, Seychelles, Cyprus, the UAE, Nevis, the UK, the Marshall Islands, and Gibraltar.