Every transaction completed in 2024, without exception, involved an analysis of tax considerations and potential tax consequences. This reflects a high level of awareness among market participants and a commitment to transparent business transactions.

Tax analysis should never be overlooked: any proposed project structure needs to be assessed in terms of its potential tax consequences. Risks identified when comparing the legal structure with the financial model often lead to substantial changes in the parties’ approach. As a result, transaction structures are revised, sometimes significantly, even to the point of creating a new model that complies with tax requirements while preserving the project’s financial appeal.

Read more at CRE (in Russian).