Until June 1, 2019, foreign citizens who have a permanent residence permit in Russia are obliged to submit to the tax authorities reports on the movement of funds on accounts in foreign banks.
The Federal Tax Service (FTS) of Russia on its website has published information on the procedure for submitting reports on foreign accounts (deposits).
Reports on the movement of funds on accounts (deposits) in banks outside the territory of Russia are submitted to the tax authorities by resident individuals annually, before June 1 of the year following the reporting year.
The report form is established by the Decree of the Government of Russia as of 12.12.2015 No. 1365 “On the procedure for the submission by individuals - residents of tax authorities of reports on the movement of funds on accounts (deposits) in banks outside the territory of Russia”.
For additional information, please contact consultants of Confidence Group.
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