Fines for Failure to Submit a CFC Notification

Reminder: If you fail to submit the Controlled Foreign Company (CFC) notification on time, the tax authorities may impose a fine of 500,000 RUB per company or structure (Article 129.6(1) of the Russian Tax Code).

Additionally, the same fine (500,000 RUB) applies for failing to provide financial statements along with the CFC notification.

Deadline: The CFC notification for 2024 must be submitted by April 30, 2025.

Submit your documents on time to avoid serious penalties!

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