18 April 2016

Russia's Federal Tax Service approves new form for computation of income paid to foreign organizations and taxes withheld

Russia's Federal Tax Service signed an order on March 2, approving the standard form for tax computation of income paid to foreign organizations and taxes withheld, together with the procedure for completing it (Computation), and the format for submitting a tax computation of income paid to foreign organizations and the taxes withheld in electronic form. On March 29, the Order was registered with the Ministry of Justice. The new form is applicable beginning in the first quarter of 2016, meaning that the Computation for the first quarter of 2016 must be prepared using the new form and be submitted to the tax authorities no later than April 28.

A Tax Alert prepared by Ernst & Young Russia, and attached below, provides additional details.

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Document ID: 2016-0701