We would like to remind everyone that controlling entities must file a notification with the tax authority on controlled foreign companies for 2015 by March 20, 2017.

The notification form, format and procedure for submitting it are established by Order No.MMV-7-13/679@ of the Russian Tax Service dated 13.12.2016.

Additionally, as part of the statements for controlled foreign companies the controlling entities will also need to submit, along with the profit or personal income tax declaration (depending on the status of the controlling entity), documents on the controlled foreign companies:

• financial statements of the controlled foreign company, and if not available, other documents;
• audit report on the financial statements of the controlled foreign company (if applicable).

Please note that organizations need to file a profit tax declaration by March 28, 2017, and individuals need to file a personal income tax declaration (form 3-NDFL) by May 2, 2017.

Dmitry Churin   Principal Associate   St. Petersburg   Теl.: +7 (812) 346 79 90

Ekaterina Chernenkova   Associate   St. Petersburg   Теl.: +7 (812) 346 79 90

Additional notes

Should any questions arise in connection with the above or if you need any additional materials, please contact Dmitry Churin or Ekaterina Chernenkova, Office of Capital Legal Services.

This Information letter keeps the clients of Capital Legal Services and other interested parties abreast of information that may, to any extent, affect their activity or cater to their particular interests. The opinions and commentaries expressed in this information letter shall not be deemed as legal opinions and do not cancel the need to obtain legal advice or legal opinion on separate issues. 

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