Voluntary disclosure and CFC tax-free liquidation

Individuals get the second opportunity to declare their assets and bank accounts/deposits and receive "indulgence" regarding the committed offenses starting from March 1, 2018. Individual should record the existing assets in a special declaration, which could be submitted to any tax authority until February 28 of the next year. Herewith, the authorities guarantee not to investigate the source of funds for the acquisition of declared assets and not to apply to such individual measures of tax, administrative and criminal liability.

HOW MAZARS CAN HELP?

Voluntary disclosure

We can conduct the analysis of the current tax risks in relation to the existing individual’s assets and appraise the amount of penalties that can be deemed to an individual arising from violations of the currency and tax legislation of the Russian Federation.

In case of presence violations, we can prepare a special declaration, relevant documents for the CFC, as well as the notification of the opening accounts required for exemption from responsibilities, and to submit them to the tax authorities on behalf of the individual by the power of attorney.

CFC tax-free liquidation

We can conduct the analysis of the expedience of CFC liquidation and prepare set of the documents required for application of the tax exemptions for submitting to the tax authorities:  3-NDFL tax return, resolution of distribution of assets and statement for the application of income tax exemption. Besides, we can submit documents to the tax authorities on behalf of the individual by the power of attorney.

CFC rules Enquiry form

Documents à télécharger

Partager