A special recording procedure for certain securities will be in effect until the end of 2025
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16.04.2025
INDIVIDUALS MUST FILE NOTIFICATIONS OF CONTROLLED FOREIGN CORPORATIONS FOR 2024 BY APRIL 30, 2025
The notification of a controlled foreign corporation must be submitted regardless of the financial performance of such foreign company.
If there are grounds for exemption from taxation of profits of such a company, documents confirming compliance with the relevant conditions must also be submitted by April 30, 2025. An exception is a controlled foreign corporation formed in accordance with the legislation of a member state of the EAEU and having a permanent location in it.
If there are no grounds for exemption from taxation of the profits of a controlled foreign corporation, it is necessary to submit documents confirming the amount of its profit or loss. This must also be done before April 30 (along with the notification of a controlled foreign corporation), regardless of the existence of an obligation to pay income tax on the controlled foreign corporation.
A taxpayer is subject to a fine of 500 thousand roubles for failure to submit a notification of a controlled foreign corporation.
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