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Amnesty of foreign capital: 3rd round

Amnesty of foreign capital: 3rd round

The third stage of amnesty of foreign capital is in effect From June 1, 2019 to February 28, 2020. Analysts predict this one to be the last stage of amnesties. Amnesty of foreign capital is a temporary amendment to the Tax and Criminal Code, exempting citizens from liability for violations of tax and currency legislation if voluntarily disclosing foreign assets.

The third stage differs from the previous ones by the obligation to transfer the disclosed assets to the Russian Federation. We remind that outside of amnesties, fines can reach 100% of income or asset size.