Tax features and consequences of debt cancellation between legal entities

The article discusses the key aspects of debt cancellation between legal entities in the current economic environment. The importance of resolving economic difficulties, such as restructuring and bankruptcy, as well as the consequences associated with incorrect debt cancellation is presented. The study analyzes the regulatory legal acts governing debt cancellation, including the Civil and Tax Codes of the Russian Federation. Various scenarios are described in which debt cancellation is possible, as well as the risks of retraining such operations into a “gift” between legal entities. This may have tax consequences. Special attention is paid to the evidence base to justify debt cancellation between legal entities. In the course of the research, an algorithm of actions is presented for the correct execution of debt cancellation, which will help avoid unjustified transactions and fraud. The conclusion highlights the importance of clearly documenting debt forgiveness agreements in order to minimize the risks of legal disputes and ensure proper tax accounting. The research findings presented in the article are an important guide for legal entities whose activities are aimed at effective management in minimizing tax risks in the business environment of the Russian Federation.