According to the Russian Tax Code, individuals and companies are needed to notify the tax authority of controlled foreign companies (CFC) of which they are considered controlling persons. Note that, these companies and individuals are considered to be tax residents of Russia. The first CFC notifications must be submitted to a tax authority within 20th March 2017. A draft Order of FTS has been published for public consultation that approves the form and format for submission of a CFC notification and the procedure for completing and submitting it in electronic form. The public consultation period ends on 5th June 2016. A notification may be submitted to the tax authorities in electronic form. That’s why there is no need to submit a notification in paper form. On the basis of draft, some information like details of taxpayer, details of the individual, Details of respective CFC (both native and foreign structures), grounds for considering the taxpayer a controlling person of the CFC, information on financial statements of CFC, disclosure of the manner of the taxpayer’s participation in the CFC in the case of indirect participation, grounds for recognizing the CFC in case of foreign structure, details for both Russian and foreign entity must be provided in a notification. If a notification is submitted to an unauthorized tax authority then it will not be considered to have been accepted.
Related Posts
Russia reminds taxpayers of controlled transaction notification obligations
Russia’s Federal Tax Service (FTS) has reminded taxpayers that notifications of controlled transactions for 2025 must be submitted no later than 20 May 2026. Under paragraph 8 of Article 105.15 of the Tax Code of the Russian Federation,
Read More
Russia approves tax code amendments on digital currency, digital rights regulation
The Government of the Russian Federation has approved amendments to the Tax Code at a government meeting held on 29 April 2026, aligning its provisions with a draft federal law establishing comprehensive regulation for the organisation and
Read MoreRussia: Central bank cuts key rate on easing price pressures
The Board of Directors of the Bank of Russia on 24 April 2026 decided to cut the key rate by 50 basis points to 14.50% per annum, citing easing underlying price pressures and the economy’s gradual return to a balanced growth path. However,
Read MoreRussia: VAT return for first quarter must be filed using revised form
The Russian Federal Tax Service has reminded taxpayers, on 17 April 2026, that the VAT return for the first quarter of 2026 must be submitted using the updated form, with the deadline for submission set for 27 April 2026. The relevant order of
Read More
Russia, China sign tax cooperation memorandum
Russia's Federal Tax Service announced on 21 April 2026 that Russia and China have formalised their collaboration through a Memorandum of Understanding signed by Daniil Egorov, Head of Russia's Federal Tax Service, and Hu Jinglin, Head of China's
Read More
Finland: Government approves suspension of law enforcing Russia tax treaty
Finland’s government approved a proposal to suspend the domestic implementing act of the Finland–Russia Income Tax Treaty (1996), as amended on 16 April 2026. The proposal has been submitted to parliament for consideration. Finland has
Read More