The Russian’s federal tax service, had warned about the consequences for Russians that didn’t informed about the taxes of the foreign companies that they own.

The Russian’s federal tax service, had warned about the consequences for Russians that didn’t informed about the taxes of the foreign companies that they own. This is a des-offshores, in which the Russian residents should declare information over their foreign assets to the tax authorities. From 2018, the countries will inform reciprocally about the beneficiaries of their registered companies, as a part of the exchange of the fiscal information. As the chief of the Russian’s federal tax services, Mikhail Mishustin, said: “if our tax authorities discover that a Russian owns a foreign company and the Russian tax specialists don’t know, he will have a problem. From a year ago, Russia signed an international agreement about the automatic exchange of financial information. This agreement will help the Russian federal tax service to receive information about the taxpayers accounts in hundreds of jurisdictions, extraterritorials included.  

Leave a Reply