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Foreign Company Participation Notice Deadline Moved to 15 June

07.04.2015 12:00 / MIFC

The President of Russia has signed Federal Act 85 of 6 April 2015, introducing amendments to the controlled foreign entities profit section of the Russian Tax Code.

According to the Kremlin press office, the act postpones the deadline for resident taxpayers to hand in notices of their participation in foreign companies, from 1 April 2015 to 15 June 2015.

Until today, in accordance with Article 23 of the Tax Code, taxpayers with a 10%+ share in foreign companies were to report their participation until 1 April 2015.

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