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President of the RF Vladimir Putin approved shifting the deadline for notification by the RF tax residents under CFC rules on 10% shareholding in a foreign company.
DATE: March 19, 2015 | AUTHOR: atlawyers
President of the RF Vladimir Putin approved shifting the deadline for notification by the RF tax residents under CFC rules on 10% shareholding in a foreign company. At the same time, according to Minister of finance Anton Siluanov, the issue of shifting notification deadline will be tied with adoption of the law on “amnesty of capital”. In accordance with CFC amendments to the RF Tax Code individuals who do not provide notification under CFC rules will be punished by a fine in the amount of 100 000 RUR for each company controlled by such individuals since 2015.