Taxation FR6 . Please help us with this Assignment

Section B - ALL questions listed baboon should be ames 1. At 30 years of age Rumaian designer Vrache hand I Oreal Paris Intend Sultrey Do create the porting thanwe Tailses Inshion house Enmity station! Anton is married to Fedor and they have be whihen & I Tet Federation She han S-yearold masked mother sit Patroon guan Parting as Initially with several groups of drugs bait the diseme a a pray move ore au ty ro fun account in amount of 6,dod RR. Gross Income in Both, Anhea received the looking a goes booty winry fung reyes Month January February March 175.600 July 384060 August 385,500 September October 345,090 November 3841000 December 395.000 9,000 RR. In Addition during March 2018, she received a gift from her employer on International Winter's Day win a value of Additional income: in December 2018, Anfisa received a lottery prize in a marketing campaign devoted to has accessiones of Slava Zaitsev fashion house jubilee with a value of 85,000 RR. Investments in new apartment: in October 2018, Anlisa and Fedor contacted the Agency Moscow Sotheby's International Realty and purchased a new luxury apartment in the Triumph Palace Respectial Caglex Ko 6.172.200 EUR equivalent to 433, 420,000 RR There in a spacious 6-room apartment. The acomment is Trovato with an artistic painting of the walls, the floor is covered with Italian marble with a handmade mosaic On Pyre to the apartment is surrounded by a terrace with a beautiful view of Chapayeesty Park, and the courtyard Layout kitchen with fireplace and breakfast area, dining room with bar. living room, English style office with truck Bedroom with dressing room, boudoir and large bathroom sauna, shower, Jacuzzi a guest bedroom with private Bathroom, a bedroom with a study, a bathroom and a dressing room. Laundry and video savellance roam The itchen is equipped with appliances Miele and Gaggenau, a double hood system and a grill. The apartment is fully irished and equipped with all necessary appliances, video surveillance and alarm systems. There a an iderground parking, 4 parking spaces are included in the price. Anfisa insisted that she would be 100's owner of s apartment hanging of new apartment: Anfisa financing the acquisition of her new property through the following asactions occurred; Resale apartment prices have started to rise again in nominal terms during the year 2018. However Arffisa believes that the trend is only a "temporary phenomenon" due to cheaper mortgages, and predicts a price 320,053,000 RR. decline in the foreseeable future. During May 2018, Anfisa sold her old apartment for the fair value price of Major transactions in the year 2016 were completed in such complexes as Knightsbridge Private park Sovetnik, MONE Residence, which led to an increase in the average indices, However, the average price and area of sold flats decreased by 23% and 59, correspondingly, if compared to July- September 2015 Anfisa had acquired previous apartment at the residence complex MONE in September 2016 For 281,650,000 RR. The historical cost at date of acquisition at the residence complex MONE is supported by all required documents,how hot Il was a baby you Austonly . Faith Fashion an mary company, owns 4d'ts of the entirely sure in DOO Barafall Fashion a Pinion company Rawian Fashion creations were onitchad with a word of andocrane and intelectual references last year, This was A friend undergoing constant innovation, but which remains h have always been a comersions OQO Sarplan Fashion injures audiponal financing of 790,500,000 RR to expand market share to Europe Lean, on 5 Apnt 2018, DO0 Sartan Faylion received a f-year loan of 1 500 000 EUR from Ferra Fashion.to Finance it's ton of Autumn Winter 2018 fashioncole on ol fur on Russian Costume Exhibition Interest rate; on 14 September 2018, the Central Bark of the Russian Federation mised us pay rate from 7 25% to 7.3% mild increasing inflation nick Dut OOO Saratan Fastron received financing with the Interest rate on the loan in 7% per annum and monthily accumulation of interest is done Interest paid on the Sth day following the and of the relevant charter (le interest for the first quarter (02) is to be paid on 5 July 2018 ), The principal amount of loan wil be repaid starting from 2019 and rig paytrends are done during 2010 CO0 Saratan Fashion had the following balances at the end of 02 of 2018 Assets Liabilities, including 450,000,000 PR 250,000,000 FR 12,000,000 RR Required: (al Provide calculations of interest deductible for profits tax purposes. Additionally calculate deemed dividend payable and applicable withholding taxes (if any) in respect of the loan provided to OOO Sarafan Fashion by Ferra Fashion for the second quarter (03) of 2018, Explain the status of the loan (controlled or uncontrolled) for the purposes of thin capitalization rules. Please Ignore the transfer pricing rules. (9 points) Relevant (nobonal) EUR/RR exchange rates are as follows 1 Apni 7 April 30 April 1 May 31 May 1 June 30 June 1July 5 July 70 2 76.1 75.4 75.1 72.2 74.6 73,8 73.6 730 (b) Russian motifs and patterns can be frequently seen in the collections of Valentino, Doke & Gabanna, Raiph Lauren and others among the world's most acclaimed fashion designers Premium Fur Co is another foreign company from France with strong brand recognition. This brand has returned to its roots, reviving trendy embroidery and recreating it in a folksy way, They have both traditional and contemporary types of clothes and styles. from the woman's caftan-suit and blouse, to aprons and long vests All items are generously decorated with fairy tale patters, Foreign company Premium Fur Co. owns 18%% of the ordinary shares in DOO Sarafan Fashion. Additionally comment how the answer to part (a) is going to change if the same loan (conditions are not changed) had been received from another foreign company, Premium Fur Co. Only explanations are required for part (b) explaining changes in loan received. (1 point) (10 points) 8They were recognized even in the cou In from Europe and Its Uneed S and South Amica The ampleity and onging folk art from around the records the borg shia and responsible for mairrost dolls pairting The riesting the and theme or any other wyle, including tary to and popular movie thi don wona for 0DO Mat under a labour (employer ment Based on employment agreement ha ves a monthly salary before any the deductions in amount of 106,000 RR. ness and its role in the social and development of the country has become topical letus. Many companies are striving to boost their competitive power and sustain a positive brand image by working on the iness reputation and abiding by principles of social responsibility Corporate social responsibility means estro responsibility that OOD Matrealka undertake by making additional contributions to pension funds, participating in voluntary, medical insurance programs. financing Infrastructure facilities (playgrounds. and sports areas, schools, nurseries parks, etc ) and supporting other programs. All employees working in 000 Mafreshes enjoy additional benefits provided by their employer on top of their labor benefits under effective legislation During the your 2018, OOO Matrashika also provided Agalon with the following benefits additioned payment for Agalon's vacation which he didn't used in amount of 80,000 RR Also Agafon with HR department signed contract for career growth development courses related to his specialization and participated in a training seminar specificed on hand-made design courses with a value of 21,000 R. His specialization for matryoshka dolls painting requand inspiration for new painting designs. And he visited Russian sightseeing for inspiration. He provided expense report to employer and classified the following expenses Reimbursement of his business trip expenses, including travel tickets (all confirmed by documents of 180,000 RR. Reimbursement of relocation expenses to Komi Republic, Russia (within the state limits) for inspiration design in natural materials and handling new wood shapes of 165,000 RR. Reimbursement of his accommodation costs of 55,000 RR. The Russian Federation Inherited its medical and healthcare system from the Soviet Union While the modern Russian Federation abides by the socialist principle of free healthcare for everyone, the standards of healthcare in Russia have significantly dropped over last two decades as the country adopted a free-market economy Recent efforts by the government to improve the healthcare system by injecting more funds, as well as introducing a compulsory medical insurance plans, will take time to prove effective Important distinctions should be made here between the obligatory medical insurance and voluntary medical insurance schemes State health insurance in Russia is available to anyone with the right to live and work in Russia It is highly advised to obtain a voluntary health insurance for the length of your stay in Russia as it will allow Agaton to use international medical clinics with significantly higher levels of service and attention. Without a purchased health insurance plan the services at such clinics can be extremely costly Employer provided to Agafon voluntary annual medical insurance for Agafon with a value of 35,000 FR and voluntary annual medical insurance for his wife and daughter with a value of 23,000 RR and 21,000 RR respectively. Additionally Agafon signed contract for non-state pension insurance contributions of 52 000 RR (related to additional insurance contributions for the accumulated portion of the pension) An Ironman Triathlon is one of a series of long-distance triathlon races organized by the World Triathlon Corporation (WTC). The Ironman World Championship has been held annually in Hawaii since 1978, with an additional race in 1982 It is owned and organized by the World Triathion Corporation, it is the annual culmination of a series of ironman triathlon qualification races held throughout the world Employer OOO Matreshka provided to Agafon annual subscription to fitness center Ironman courses with a value of 30,000 RR for his improvements in painting process of nesting dolls Owing to the relative youth of the Russian mortgage industry, many banks offering mortgages in Russia prefer potential buyers to contact them directly for a consultation and quote - which is typically provided as a free service Agafon is not an exception and as a normal citizen he has signed contract for a housing (mortgage) loan for the acquisition of an apartment But employer made reimbursement of 65,000 RR of interest paid by Agafon on a housing (mortgage) loan for the acquisition of an apartment