“Sterngoff Audit” team reminds that the Russian organizations within the international group of companies (the “IGC”), must annually file a Declaration of interest in IGC, if consolidated revenue of the group for the financial year exceed:
or
The notification must be sent to the tax authority no later than 8 months after the end of the reporting period, i.e. the notification for 2020 must be submitted by 31.08.2021.
For violation of the deadline for submitting a notification or for entering false information into it, a fine of 50,000 rubles is set. If the taxpayer submitted an updated notification before he learned that the inspectors found false information, then there will be no fine.
We would like to emphasize that if fines were not applied in the previous reporting periods due to the novelty of the law, then if the notification for 2020 is not submitted on time, the fines will be applied in full.
Our specialists are ready to help you in this matter and clarify the data on its consolidated revenue from your parent company in order to understand whether a Russian LLC falls under the submission of this notification. The request for the service can be sent to info@sterngoff.com
Your application has been successfully accepted.
We will contact you shortly.
We have sent an email to your email, please confirm your subscription by clicking on the link in the email.
