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Portrait of Olga Odintsova

Olga Odintsova

Partner
Head of New Businesses and Product Development

Contact
SEAMLESS Legal
Naberezhnaya Tower, block C
Naberezhnaya Tower Block C - 10 Presnenskaya Naberezhnaya
123112 Moscow
Russia
Languages English, Russian

Olga Odintsova is a partner at the tax practice and the Head of the New Businesses and Product Development department.

Olga is coordinating activities on setting-up new business lines and offerings, Innovation and LegalTech initiatives. In 2022, Olga launched the new Accounting and Reporting service line.

Olga has extensive experience in advising on Russian taxation issues, including VAT, income tax, etc. She has authored a number of bills and laws. 

Prior to joining the team, Olga has been working for 15 years at one of the Big Four companies.

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Relevant experience

  • Advising international clients on Russian taxation matters 
  • Tax litigation & mitigation support for the clients
  • Automation of routine tax functions and processes for the clients
  • Running compliance and reporting for the non-Russian companies providing e-services to Russian clients, as well as supporting clients in insolvency and restructuring issues, among other things:
    • French manufacturer of auto parts – support of the Russian subsidiary on all issues in connection with the curtailment of activities in Russia.
    • One of the largest reinsurance companies – restructuring of the representative office.
    • American food industry manufacturer – consulting on exit strategies.
    • An international management consulting company – advising on business restructuring in connection with the exit of international shareholders.
    • An American lighting systems manufacturer – consulting on the liquidation of a subsidiary in Russia.
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Memberships & Roles

  • Taxation Committee at the Association of European Business (AEB) 
  • Olga is the Federal expert at the Russian Export Center
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Publications

  • Russia Offers Generous Tax Incentives to Tech Companies Amidst Tightening Control Over the Industry, CEE Legal Matters, September 2021
  • Russia’s main tax policy directions in a post-COVID-19 era, AEB, How to invest guide, September 2021
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Education

  • 2018, Moscow School of Management: Skolkovo, Russia, MBA
  • 2017, University of California, Berkley, Haas School of Business Innovation Immersion
  • 2017, HKUST, Hong-Kong, Chinese and HK Economy for MBAs
  • 2007, Higher School of Economics, Russia, Law Degree, Public Financial Law
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Feed

20/05/2022
Rus­si­an tax meas­ures to sup­port busi­ness and latest tax trends for for­eign...
The Rus­si­an Tax Code is un­der­go­ing sig­ni­fic­ant changes to help busi­nesses ad­apt and stay afloat.In their turn, for­eign busi­nesses, act­ive in Rus­sia, cur­rently face un­pre­ced­en­ted chal­lenges and are seek­ing...
29/03/2022
Po­ten­tial chal­lenges in pay­ing VAT on elec­tron­ic ser­vices
In the cur­rent eco­nom­ic and polit­ic­al en­vir­on­ment, and tak­ing in­to ac­count the lim­it­a­tions now im­posed by many for­eign banks with re­spect to the trans­fer of funds to Rus­sia, we ex­pect that for­eign pro­viders of elec­tron­ic ser­vices may face prac­tic­al dif­fi­culties with pay­ing VAT to the Rus­si­an budget for the first quarter of 2022. Ac­cord­ing to the ap­plic­able le­gis­la­tion, the tax is due to be paid on or be­fore 25 April 2022.Ac­cord­ing to the in­form­a­tion at our dis­pos­al, In­ter­re­gion­al tax in­spec­tion No. 7 in charge of the elec­tron­ic ser­vices’ agenda is col­lect­ing in­form­a­tion from tax­pay­ers on ex­pec­ted prob­lems with pay­ments with a view to provid­ing tech­nic­al solu­tions.That be­ing said, for­eign pro­viders of elec­tron­ic ser­vices in Rus­sia should con­firm with their for­eign banks in ad­vance wheth­er it is pos­sible to pay VAT to the Rus­si­an budget in due time. Any prob­lems iden­ti­fied may be re­por­ted to the In­ter­re­gion­al tax in­spec­tion No.7 via the feed­back form in the tax­pay­er’s on­line ac­count.For­eign pro­viders of elec­tron­ic ser­vices may also dis­cuss with their Rus­si­an cus­tom­ers the VAT pay­ment mech­an­ism for the flows. For ex­ample, the Rus­si­an cus­tom­er may choose to vol­un­tar­ily with­hold the VAT due from the pay­ment made to the for­eign pro­vider, us­ing the mech­an­ism provided in the let­ter* of the Fed­er­al Tax ser­vice dated 24.04.2019 No. СД-4-3/[email protected] However, this ap­proach may be ap­plied only in re­spect of fu­ture pay­ments to the for­eign pro­viders.* In Rus­si­an
16/03/2022
Ac­count­ing & Re­port­ing
We in­vite you to join our we­bin­ar on Ac­count­ing and Re­port­ing, or­gan­ised by the Ja­pan­ese Desk at CMS Rus­sia.Please join our ex­perts Georgy Daneliya, Olga Odint­sova and Eka­ter­ina Usova to learn about es­sen­tial...
14/03/2022
Fourth stage of Rus­si­an cap­it­al am­nesty be­gins
On 9 March 2022, the Rus­si­an Pres­id­ent signed the Law* on the fourth stage of the cap­it­al am­nesty. Ac­cord­ing to the Law, un­der the fourth stage, in­di­vidu­als will be able to sub­mit, between 14 March 2022 and 28 Feb­ru­ary 2023, a spe­cial de­clar­a­tion re­flect­ing as­sets sub­ject to leg­al­isa­tion. The am­nesty will ap­ply to acts com­mit­ted be­fore 1 Janu­ary 2022.Cap­it­al am­nesty is the vol­un­tary de­clar­a­tion by in­di­vidu­als of their for­eign ac­counts, real es­tate, se­cur­it­ies and oth­er prop­erty held abroad. It in­volves the trans­fer of de­clared prop­erty to Rus­sia without crim­in­al, ad­min­is­trat­ive and tax li­ab­il­ity when the rel­ev­ant vi­ol­a­tions are re­lated to the de­clared prop­erty and ac­counts.Un­der the first three stages, which took place in 2015, 2017 and 2019, in­di­vidu­als were en­titled to sub­mit in­form­a­tion to the Fed­er­al Tax Ser­vice on land and oth­er im­mov­able prop­erty, vehicles, se­cur­it­ies (in­clud­ing shares), as well as par­ti­cip­at­ory in­terests and equity stakes in or­gan­isa­tions, con­trolled for­eign com­pan­ies and bank ac­counts loc­ated out­side Rus­sia that had not been de­clared be­fore.In con­trast to the pre­vi­ous stages, in­di­vidu­als will also be able to de­clare cash. Also, the word­ing “se­cur­it­ies” has been re­placed by “fin­an­cial as­sets”, al­low­ing not only shares and bonds, but also de­riv­at­ive fin­an­cial in­stru­ments (e.g. fu­tures, op­tions, etc.), to be de­clared in the fourth stage. The list of sup­port­ing doc­u­ments to be at­tached to the spe­cial de­clar­a­tion has been sup­ple­men­ted.In re­la­tion to cash, guar­an­tees will be giv­en provided that the de­clar­ant de­pos­its the cash spe­cified in the de­clar­a­tion in­to cur­rent or sav­ings ac­counts with Rus­si­an banks with­in 30 days from the date of sub­mis­sion of the de­clar­a­tion to the tax au­thor­ity.Com­ment­sThe Law does not cla­ri­fy how cash de­pos­its in­to bank ac­counts will be con­firmed. It is also un­clear wheth­er cash flow state­ments on for­eign ac­counts will be audited and wheth­er it is ne­ces­sary to have doc­u­ments to prove the trans­ac­tions re­flec­ted in them. In this re­gard, we will fol­low fur­ther de­vel­op­ments in this area and keep you in­formed of new cla­ri­fic­a­tions.Those who par­ti­cip­ated in the pre­vi­ous stages of the cap­it­al am­nesty can also par­ti­cip­ate in the fourth stage. However, the Law does not provide for re­peat de­clar­a­tions with­in a single stage (i.e. a de­clar­a­tion can be sub­mit­ted only once). As a res­ult, it is im­port­ant to ana­lyse all as­sets and as­sess the pos­sib­il­ity of de­clar­ing, guar­an­tees and risks.The CMS Rus­sia team is ready to as­sist in this field by not­ably:car­ry­ing out an as­set ana­lys­is to as­sess the feas­ib­il­ity of par­ti­cip­at­ing in the cap­it­al am­nesty (in­clud­ing wheth­er it is pos­sible to file a de­clar­a­tion, con­sequences, be­ne­fits of ob­tain­ing guar­an­tees and po­ten­tial risks);pre­par­ing a spe­cial de­clar­a­tion and re­ports for pre­vi­ous peri­ods (i.e. ODDS, 3-ND­FL);as­sist­ing with the pre­par­a­tion of a set of sup­port­ing doc­u­ments;as­sist­ing with fil­ing re­turns to the tax au­thor­it­ies.  * In Rus­si­an
17/02/2022
Pe­cu­li­ar­it­ies of re­port­ing for 2021 and 2022
Please join us on 17 Feb­ru­ary 2022 to hear about our new cli­ent ser­vice line and the re­port­ing re­quire­ments for 2021 and 2022.Eka­ter­ina Usova, Ac­count­ing and Re­port­ing Lead Man­ager, and Olga Odint­sova, Part­ner...
03/11/2021
CMS Rus­sia at the con­fer­ence ded­ic­ated to ESG in Rus­sia and France
On Oc­to­ber 26, 2021 the Franco-Rus­si­an Cham­ber of Com­merce and In­dustry (CCI France Russie), Nor­nick­el and the Na­tion­al Coun­cil on Cor­por­ate Gov­ernance with the sup­port of the French Em­bassy in Rus­sia held an ESG con­fer­ence. French and Rus­si­an reg­u­lat­ors, fin­an­cial in­sti­tu­tions and in­dus­tri­al cor­por­a­tions dis­cussed the pro­spects and chal­lenges of the new ESG real­ity. The event brought to­geth­er ex­perts from high-pro­file com­pan­ies and or­gan­isa­tions in­clud­ing France Dip­lo­matie, the Bank of Rus­sia, VEB.RF, Mo­scow Ex­change, Ros­bank, Gazprom­bank, Boiron, Schneider Elec­tric, La­farge­Holcim, Saint-Gobain, etc.Olga Odint­sova, Coun­sel and Head of New Busi­nesses and Product De­vel­op­ment at CMS Rus­sia, mod­er­ated a ses­sion on en­vir­on­ment­al re­spons­ib­il­ity and busi­ness ef­fi­ciency and a ses­sion on ESG rank­ings in Rus­sia and France.The En­vir­on­ment­al, So­cial & Cor­por­ate Gov­ernance agenda has firmly rooted in the glob­al eco­nomy to elim­in­ate in­equal­ity and en­sure ef­fi­cient use of nat­ur­al re­sources. Green com­pan­ies that com­ply with ESG cri­ter­ia get easi­er ac­cess to in­ter­na­tion­al in­vest­ments, while busi­nesses not com­mit­ted to ESG prin­ciples are find­ing it in­creas­ingly dif­fi­cult to get ac­cess to such in­vest­ments. Read the full event re­port on the web­site of the Franco-Rus­si­an Cham­ber of Com­merce and In­dustry.