The Federal Tax Service (FTS) publishes country-specific reporting (CbC) formats and a report on participation in multinational enterprise groups on its official website. The new forms comply with BEPS Action 13 requirements for CbC and transfer pricing documentation. These new requirements were implemented in the Russian tax legislation from January 2018.
The FTS also emphasized that the adoption of the new TP and CbC documentation requirements in 2017 would allow multinational groups to exclude requests from foreign competent authorities to provide these documentation forms through foreign subsidiaries. In addition, they can volunteer for the 2016 tax period. If a multinational wants to report voluntarily, it must submit the CbC report to the FTS by 30 June 2018 at the latest.
