Russian law requires the owner of a controlled foreign company to declare the CFC’s profit if it exceeded the threshold of RUB 10 million.
However, when filing the 3-NDFL return, CFC owners often mistakenly include the profit figure as presented in IFRS reporting. This approach can lead to significant additional assessments or overpayments.
How can this be avoided? By making the necessary adjustments предусмотренные by the Russian Tax Code.
Please contact our specialists — they will help not only to make the necessary adjustments, but also to prepare the supporting documents and correctly complete the return.
You can learn more and download our brochure on CFC profit via this link.
However, when filing the 3-NDFL return, CFC owners often mistakenly include the profit figure as presented in IFRS reporting. This approach can lead to significant additional assessments or overpayments.
How can this be avoided? By making the necessary adjustments предусмотренные by the Russian Tax Code.
Please contact our specialists — they will help not only to make the necessary adjustments, but also to prepare the supporting documents and correctly complete the return.
You can learn more and download our brochure on CFC profit via this link.
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