Facing RussiasIn order to crack down on tax evasion, the customs and tax departments are now strictly examining the operation of buying export declarations. If the behavior of buying export declarations is discovered, the regulatory authorities will require tax replenishment (even a 2% tax rate may be a considerable amount). In addition, fines may also be imposed on the relevant responsible parties.complex challenges, enterprises urgently need effective strategies to ensure smooth and secure cash flow. This article provides a series of solutions, from the flexible services of border banks to the practical operations of barter trade, and the exploration of various alternative settlement methods, helping you move forward steadily in international trade. Below are some more specific suggestions and additions:
Border banks typically have more experience in handling trade settlements related to Russia and can provide relatively flexible services:
Although VTB Banks Shanghai branch is on the SDN list, it can still be considered as an option:
Conduct trade settlements through barter transactions:
In addition to the above methods, the following approaches can also be considered:
In summary, when dealing with settlement difficulties in Russia, it is necessary to flexibly apply various solutions while comprehensively considering compliance, cost, and convenience. By consulting professional institutions and working closely with banks and clients, more feasible and sustainable settlement solutions can be found. Let our professional guidance and abundant resources help your company identify the most suitable settlement solution. Take action now and work with us to optimize your international settlement process, ensuring smooth business operations and fund security.
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