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CFC profit
The legislation of the Russian Federation requires that the owner of a controlled foreign company declare the profit of a CFC if it exceeds the threshold of 10 million rubles.
However, CFC owners often mistakenly transfer the amount of profit generated in the IFRS statements to the declaration on Form 3-personal income tax. This approach can lead to serious additional charges or overpayments.
How to prevent this from happening? Make the necessary adjustments provided for by the Tax Code of the Russian Federation.
Please contact our specialists — they will help not only to make the necessary adjustments, but also to prepare the accompanying documents and fill out the declaration correctly.
To find out more and download our brochure on CFC profits, follow the link.
However, CFC owners often mistakenly transfer the amount of profit generated in the IFRS statements to the declaration on Form 3-personal income tax. This approach can lead to serious additional charges or overpayments.
How to prevent this from happening? Make the necessary adjustments provided for by the Tax Code of the Russian Federation.
Please contact our specialists — they will help not only to make the necessary adjustments, but also to prepare the accompanying documents and fill out the declaration correctly.
To find out more and download our brochure on CFC profits, follow the link.
