Individuals who are tax residents of the Russian Federation have until 2 May 2023 to
- declare income received in 2022 that has not been withheld by tax agents in the Russian Federation, for this purpose a 3-NDFL tax declaration must be filed;
- report to the tax authorities on own foreign companies and unincorporated structures by submitting the Notification on controlled foreign companies (CFC);
- attach the prepared financial statements for the fiscal year 2021 as well as the auditor's report to the CFC Notification;
- declare the profit of the CFC if it has exceeded the threshold of RUB 10 million by filing a 3-NDFL tax return; - declare other income from which tax has not been withheld on the territory of the Russian Federation.
If an individual fails to take the above actions by 2 May 2023, he or she may face the following penalties
500,000 roubles - for each foreign company or entity without legal personality for which a CFC Notification has not been submitted;
500,000 roubles - for each foreign company or entity without legal personality for which no financial statements and auditor's report have been submitted;
20% of the amount of unpaid tax on CFC's profits that exceeds the 10,000,000 roubles threshold;
5% to 30% of the amount of unpaid tax for failure to file a 3-NDFL tax return (penalty is imposed on the full amount of unpaid tax on all types of undeclared income).
We offer:
In order to avoid the risks of tax violations and bringing an individual to tax liability, ALPINE TAX company offers its services in preparing and submitting to the tax authorities a set of the abovementioned documents.
The cost of our services depends on several factors: the number of foreign companies and structures, financial transactions carried out by such companies, the amount and type of income received by an individual.
Optional:
If you have not previously reported on your foreign companies and structures without a legal entity, and did not pay taxes, then until February 28, 2023 there is an opportunity to get rid of penalties and the need to pay some taxes in the past by submitting a special declaration under the "capital amnesty".
ALPINE TAX specialists are ready to help you prepare the special declaration and the necessary set of documents.
Our contacts:
Sergei Gerasimov
Managing Partner
М: + 7 (916) 733 3983
Maxim Klyuchnikov
Partner
М: + 7 (916) 220 9777