10 June 2016 Russia publishes draft Order approving controlled foreign company notification form In accordance with the Russian Tax Code, individuals and companies deemed to be tax residents of Russia are required to notify a tax authority of controlled foreign companies (CFC) of which they are considered controlling persons. The first CFC notifications (Notification) must be submitted to a tax authority no later than March 20, 2017. A draft Order of the Federal Tax Service (FTS) approving the form and format for submission of a CFC notification and the procedure for completing and submitting it in electronic form (the Draft) has been published for public consultation. Document ID: 2016-1015 |