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The RF President Vladimir Putin signed a law on voluntary declaring of foreign assets.
DATE: June 11, 2015 | AUTHOR: atlawyers
The RF President Vladimir Putin signed a law on voluntary declaring of foreign assets. The law is aimed at providing legal guarantees of preservation of capital and protection of property interests of individuals, including those who are outside the RF. For this purpose it is necessary to submit a special declaration to the tax authority within the period from 01.07.15 to 31.12.15. The applicants will not be held liable for offences related to declared property, if such offences have been committed before 01.01.15. In addition, tax secrecy regime in relation to the information described in the declaration shall be guaranteed to them.