Deadline to notify about controlled foreign companies | News - bellerage.com

Deadline to notify about controlled foreign companies

The deadline to submit a notification about controlled foreign companies (CFC) for 2023 is approaching: March 20 for legal entities and May 2 for individuals.
Russian tax residents have to submit the notification to local tax authorities if they own:
  • >25% of a foreign company's shares;
  • >10% of a foreign company's shares, while >50% of this company’s shares belong to Russian tax residents.
Failure to send a notification, late submission, or non-provision of financial statements and an audit opinion (if a mandatory or initiative audit took place) results in a fine of 500 kRUB.

There is no need to submit financial statements and an audit opinion, if an individual switched to paying tax based on CFC fixed income, which amounts to 5 mRUB.
Subscribe to our newsletter and stay updated on the latest developments and events
We are always open to new ideas, solutions and questions Please leave your contact information and we will get back to you shortly
Thank you!

We will revert to you shortly

Leave your email address to stay up to date
Bellerage Online©
Technological Leadership in Financial Outsourcing

Bellerage Online© is a tool for quick and efficient interaction with your outsourcing partner. Monitor financial and administrative processes from anywhere in the world 24/7.

Accessible via web or mobile app, our unique platform allows you to:

  • Communicate with your consultant, create requests and rate our services in real-time,
  • Submit documents for processing,
  • Access your online library with all documents,
  • Sign documents with an e-signature,
  • Automate and control the internal business processes of your company
  • Analyze your financial figures using dynamic online reports

Bellerage Online© is free for our clients and available to an unlimited number of users - from operational staff to headquarter representatives. Available in an English and Russian version.

Sorry

Your browser is not supported