The annual notification about participants and beneficiaries of foreign companies

In connection with the amendments to the Tax Code of the Russian Federation (clause 3.2. of Article 23), foreign organizations that are registered with the Tax Authorities of Russia for any reason are required to annually notify the Tax Authorities of information about their participants and beneficiaries no later than March 28, in the form approved by the joint Order of the Ministry of Finance and the Federal Tax Service of Russia dated December 1, 2021 No. ED-7-13/1046@.

For 2021 it is necessary to provide report no later than March 28, 2022.

The new requirements apply to foreign companies that have branches and representative offices or separate subdivisions in Russia, as well as to foreign companies that have accounts in Russian banks and foreign companies that have recognized themselves as tax residents of the Russian Federation.

Previously, information was submitted only by foreign companies that were registered with the Russian Tax Authorities in connection with the acquisition of real estate.

Foreign company needs to report:

  • about participants with direct participation;
  • about participants with indirect participation in the form of a share of more than 5% up to the level of ownership by an individual or a public company.
Disclosure requirements do not apply to foreign organizations providing services in electronic form.

Our company will be happy to assist you in preparing the required form.