Notification of Participation in an International Group of Companies

Russian companies being part of an international group have to submit an annual Country-by-Country Notification (CbC notification), if their consolidated revenue for the financial year exceeds:

• 50 billion Rubles, if the parent company of the group is registered in Russia, or
• about 750 million Euro, if the parent company is registered outside Russia (the amount is established by the relevant foreign country).

The CbC notification shall be submitted to the tax authorities within 8 months from the financial year end of the parent company.

If it matches the calendar year, the deadline for CbC notification is August 31, 2026.

Since July 1, 2024 legal entities that are tax residents and part of an international group with at least 50% of its assets in Russia, have to:

• inform Tax Inspection about the opening and closing of bank accounts by the non-resident companies within the international group, as well as about changes in the account details in foreign banks
• twice a year submit a report about cash flow and other financial assets movements on the accounts in foreign banks opened by the non-resident companies within the international group.

Bellerage consultants are always ready to assist you with preparing and submitting the required documents.