Case Study # 7

The Client's situation

The credit-security documentation signed by the Client stipulated the partial financing through the refundable VAT during the investment phase of the project. The client required accounting support to minimize the risk of not being refunded on VAT by the tax authorities during the construction period

Game plan

  1. We have organized an ultimately transparent accounting system
  2. We also implemented procedures for the clear interaction with contractors' accounting services aimed at instant verification of the data with all the parties involved
  3. Specially advanced spreadsheets were set up for the detailed analysis of the tax inspectorate decisions

The benefit

The client successfully refunded about 1 billion rubles of VAT from the State and completed the construction on schedule