Central regions | Finance, business

Artificial intelligence protects businesses from tax risks

13 Aug '20
YUR-LI, a resident of the Information Technology Cluster of the Skolkovo Foundation, has launched a new service that allows entrepreneurs to check tax reporting for errors, discrepancies and unintentional illegal schemes. The UR-LI legal system uses artificial intelligence to analyze tax risks and help draw attention to violations before the company becomes the object of increased attention of the Federal Tax Service (FTS).

The online platform UR-LI analyzes the same factors of business tax optimization over the past three years of the company's operation as the automated VAT refund control system (ASK VAT-2), which the FTS uses to identify tax evasion schemes.

UR-LI verifies reporting on value added tax, income tax and other charges. As a result, a report is generated indicating the likelihood of the appointment of a desk or field inspection, as well as the presence of signs of illegal splitting up of the business.

In addition, the system automatically checks each of the company's counterparties for reliability and analyzes transactions to determine whether the Federal Tax Service has grounds to suspect that they are fictitious. An additional function for calculating the possible amount of additional tax charges and penalties when loading the balance sheet (OSB) is already successfully passing the beta testing stage.
Valery Mayushkin, founder of YUR-LI: “Our service is for small and medium-sized businesses that operate legally and do not pursue deliberately gray schemes. But the absence of direct intention does not at all insure business against violations of tax legislation. Using the UR-LI service, entrepreneurs can identify such risks and eliminate them in time. And thus, to avoid additional checks by tax authorities, additional charges, fines and other serious consequences. ”
The service is based on a unique patented software algorithm that analyzes 16 data types:

• taxation system;
• company turnover;
• volume of assets;
• company expenses;
• the amount of tax deductions;
• verification of companies by inn “around” the audited company;
number of employees;
• reliability of contact information (legal address, telephone, etc.);
• balance sheet (OSV);
• turnovers for each transaction (from SALT);
• the ratio of charges to reflections of costs for each transaction (from SALT);
• the reliability of the company involved in a particular transaction;
the likelihood of increased attention from the tax authorities;
• signs of business fragmentation;
• the amount of possible additional tax charges;
• the amount of possible penalties.

Currently, entrepreneurs are provided with free access to the service. But later a paid subscription is planned.
Irina Oya, Senior Project Manager of the Information Technology Cluster of the Skolkovo Foundation: “Projects for the creation and development of information systems for intellectual analysis and management using artificial intelligence technologies that contribute to improving the efficiency of processes are one of the priority directions, which supports and develops the Cluster of Information Technologies of the Skolkovo Foundation. The YUR-LI company offers a solution that allows entrepreneurs to receive important information on tax violations in time. This is more relevant than ever in today's conditions, when support for small and medium-sized businesses is an important factor in the development of the Russian economy. ”

Reference Information

is a Russian startup, a Skolkovo resident, a graduate of the Phystech.Start accelerator, developing an expert legal Al-system and related services that help entrepreneurs solve problems with debt recovery and eliminate tax risks. Website: https://ur-li.ru/.

Skolkovo Foundation is a non-profit organization established in 2010 and acting as the managing company of the Skolkovo Innovation Center. The purpose of the Foundation is to support technological entrepreneurship in Russia and commercialize the results of research activities. The number of Skolkovo residents has already approached 2.5 thousand. The Fund provides them with a range of services necessary to bring developments to the Russian and international markets. Resident status gives the company tax and customs benefits. In 2019, the residents' revenue amounted to more than 100 billion rubles, and the amount of investments attracted by them exceeded 13 billion rubles. Since 2019, the law allows any organization engaged in research activities in Russia to gain access to all the services and benefits of the Innovation Center. The Skolkovo Innovation Center is home to the Skolkovo Institute of Science and Technology (Skoltech), which is one of the top 100 young universities in the world according to Nature Index. The infrastructure of the Innovation Center is made up, in particular, of the largest Technopark in Europe and research centers of industrial partners. In 2019, three new partner R & D centers were opened in the Innovation Center - Sibur, TMK and Tatneft. On the territory of Skolkovo, a total of more than 750 thousand square meters have already been commissioned. m. residential areas, research and educational centers. Off-budget investments in infrastructure creation exceeded RUB 100 billion.

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Media contacts:
Alexandra Barshchevskaya
Skolkovo Foundation
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E-mail: ab@sk.ru
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