Assessment of tax risks when selecting counterparties

Tax risk assessment is a key element of the management policy of any commercial structure. Ignoring this aspect can lead to serious consequences, including financial sanctions, fines and damage to business reputation. The article presents the results of the study in terms of tax risks of an organization when choosing counterparties. Violation of tax legislation can lead to the application of financial sanctions, so it is necessary to assess the risk of implementing certain transactions, cooperation with various legal entities and individual entrepreneurs. The article presents types of tax risks, as well as various approaches to defining this concept by economists. The main schemes for obtaining unjustified tax benefits are indicated. Possible sanctions for violating tax legislation are mentioned, and possible negative consequences for counterparties of the organization – the violator of tax legislation are described. A specific example of a court case on a tax dispute related to the involvement of counterparties is given. Recommendations are given to also pay attention to open data posted on the official website of the Federal Tax Service. The Federal Tax Service of Russia provides information on outstanding taxes, fees, insurance premiums, as well as penalties and fines, which guarantees a high degree of data reliability.