Oracle in Russia can "lose weight": the Federal Tax Service plans to remove a subsidiary from the Register

Photo: Reuters / Susana Bates

For more than a year, the American corporation Oracle has not filed tax reports for its Russian division, Orakl Computer Equipment CJSC. This subsidiary company was selling Oracle Hardware hardware to Russian customers, Kommersant writes . The relevant information was published by the Federal Tax Service (FTS) in the city of Moscow in the “Bulletin of State Registration” and the kartoteka.ru service. According to the ministry, the company not only did not provide financial statements for more than a year, but also did not conduct transactions on its bank accounts. Oracle Computer Hardware represents the Oracle Hardware business, which the company acquired in 2010 from Sun Microsystems.

If within three months from the date of publication of this message, the Office does not receive applications from persons whose rights or interests are affected by this decision, the company will be removed from the Unified State Register. Interestingly, the Russian company Oracle brings about $ 140 million in revenue.

According to some experts, Oracle simply turns off the work of its department in Russia, and does not forget to submit reports. “Oracle has a small part of the revenue from equipment, so business optimization is quite possible,” one of the top managers in the domestic IT market comments on the situation. At the same time, the partner of A2 attorney bureau Mikhail Alexandrov still considers the corporation’s passivity towards the Russian subsidiary to be strange. At the same time, a long non-submission of tax reports may threaten the company with the blocking of an account and the appointment of a field tax audit.
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In addition to Oracle Computer Equipment, in Russia, Oracle Corporation has another legal entity, Oracle Development St. Petersburg. This is the Oracle development center in St. Petersburg. Moreover, all contracts for licenses and technical support for Oracle are concluded with Irish Oracle East Central Europe Ltd. and the Dutch Oracle Netherlands BV “This is a common practice for foreign companies in Russia. Even SAP and Microsoft, which have local legal entities, carry out the main sales through partners who cooperate directly with their foreign "daughters", ”says Anton Sushkevich.

Now the US sanctions and some other factors lead to the fact that well-known IT companies are reducing their presence in Russia. The Adobe office is now being liquidated, the Skype developer office in Zelenograd is closed, and the Google Development Center in St. Petersburg is also closed.