Requests from the tax authority
Received a request from the tax authority to submit notifications or reports?
We will handle the tax authority's requests and help you avoid fines.
Declaration of
foreign income,
accounts and CFC
reporting
We provide tax declaration services for individual Russian tax residents holding accounts in banks and financial institutions outside Russia and being controlling persons of organizations recognized as controlled foreign companies (CFC).
What problems bring clients to us
Tax residency
Moved abroad and not sure which country you are a tax resident of?
We will clarify your tax status and obligations.
CFC or not CFC?
Own a share in a foreign company and don't know whether it's a CFC for you?
We will help you understand the CFC criteria and notify the tax authority.
Foreign income
Dividends, coupons, deposit interest, salary and even interest on account balances — all these incomes must be declared in Russia!
We will prepare your 3-NDFL tax return.
Bank cards and accounts
Have a card in a Kazakh bank or an investment account with a broker in Armenia?
We will prepare account opening/closing notifications, cash flow reports, and, if required, a 3-NDFL tax return.
Overdue reports
Missed the deadlines for notifications and reports by April 30 or June 1?
We will prepare and file the required reports and notifications with minimum consequences.
Our services
Tax reporting on accounts in foreign banks
Preparation of notifications on opening, closing and changing details of foreign accounts, as well as annual cash flow reports for these accounts.
CFC reporting
Preparation of notifications regarding the commencement of participation, changes in ownership interest, or termination of participation in foreign companies, as well as CFC notifications. Assistance in preparing financial statements and calculating CFC profits in accordance with Clause 1 of Article 309 of the Tax Code of the Russian Federation.
Income tax declaration 3-NDFL
Preparation of the income tax declaration for income received outside the Russian Federation that is subject to declaration in accordance with the established rules and deadlines.
Frequently asked questions
Do I need to notify the tax authority about opening an account abroad?
Yes. Russian tax residents are obliged to notify the tax authority at their place of registration about opening or closing an account in a bank outside Russia, as well as about changes in its details. Deadline — no later than one month from the date of the event (part 2 of article 12 of Federal Law No. 173-FZ of 10.12.2003). Violation of the deadline or procedure entails liability under article 15.25 of the Administrative Code of the Russian Federation. A penalty from RUB 4,000 to RUB 5,000 applies.
Do I need to notify the tax authority about opening an account in Armenia, Kazakhstan, or the UAE?
Yes, if you are a Russian tax resident. The notification must be submitted no later than one month from the date of account opening.
What happens if I don't submit the cash flow report?
Violation of the deadline or procedure entails liability under article 15.25 of the Administrative Code of the Russian Federation. A penalty from RUB 2,000 to RUB 3,000 per account and up to RUB 20,000 for a repeated violation will be applied.
Is a company in Cyprus where I participate a CFC?
A Russian tax resident shall notify the tax authority on participation in a foreign entity if a participation share exceeds 10% of the share capital. The notification shall be submitted no later than 3 months from the date of the start of participation. If you meet the criteria of a controlling person and the company meets the CFC criteria under article 25.13 of the Tax Code of the Russian Federation — the company is a CFC for you. The CFC notification must be submitted by April 30 of the year following the reporting year. Violation of the deadline or procedure entails liability under article 129.6 of the Tax Code of the Russian Federation. A penalty of RUB 50,000 applies to non notification on participation and a penalty of RUB 500,000 - to non submission of CFC report.
I live abroad — do I need to pay taxes in Russia?
It depends on your tax residency. If you spend at least 183 days in Russia during the calendar year, you are a Russian tax resident. Tax reporting obligations apply.
How do I declare income received abroad?
Income received by Russian tax residents abroad is declared under form 3-NDFL. The declaration deadline is April 30, tax payment — July 15.
Why are financial statements for a CFC (Controlled Foreign Company) required?
Financial statements for a CFC—prepared in accordance with the laws of the foreign company’s jurisdiction or international standards (such as IFRS) for the financial year preceding the reporting period—must be submitted along with the CFC notification, accompanied by an auditor’s report and a translation into Russian. Exceptions are made for active foreign companies and companies based in EAEU (Eurasian Economic Union) member states. Furthermore, controlling persons who have opted to pay tax based on a fixed profit amount for their CFCs are exempt from the requirement to submit financial statements and an auditor’s report.
In which situations we can help
Received a tax authority request regarding a foreign account — need to respond on time.
Opened an account in Armenia, Kazakhstan or the UAE — need to notify the tax authority.
Own a share in a foreign company — need to check whether it is a CFC.
Received income abroad — need to file a 3-NDFL tax return.
At risk of a RUB 500,000 penalty — want to submit the CFC notification in time.
Moved abroad — need to understand your tax status in Russia.
Leavea review
We value your opinion. If you have experience working with us — share your impressions. The review will be processed confidentially and will not be published without your consent.