The Russian Finance Ministry is preparing a bill that significantly simplifies the life of owners of Bank accounts abroad, the newspaper “Vedomosti”.

According to this document, from compliance with Russian regulations in the field of currency control will be exempted those citizens who have lived in Russia less than three months of the year. They will not have the monetary status of the resident of the Russian Federation and will be exempt from the obligation to report to FNS on presence of foreign accounts and transactions.

The new norm will be a real relief for the owners such as yachts or private jets, cars, experts say.

In many countries, the sale of the property requires mandatory funds are credited to the account within the country, the Russian laws – on the contrary, forbid it. As a result, the property was enrolled in a company – people do not want to disclose his possession.

Now the status of the currency of the resident is assigned, regardless of carried out at home time, i.e. they become citizens, call in in Russia at least for a day. Residents must report to tax authorities, and for the violation they are threatened by a penalty in the first 75% and then 100% of the cost of the transaction for example the sale of shares.

To lose such status is almost impossible, because of this, problems often arise. Non-notification or the untimely notice of accounts abroad is fraught with fines from 1 thousand to 5 thousand rubles. However, those who permanently live abroad but they come for a few days, still not accountable, and even to claim the tax they can’t, it is not clear where to send a request and how to catch them.

The new rules will be more humane, said Deputy Finance Minister Alexei Moiseev.

In addition, the Ministry of Finance proposes to expand the range of allowed operations on foreign accounts. Enroll you money from the sales of transport and real estate, if it is registered in a member country of the OECD or of the FATF (35 and 34 respectively), account must also be opened in the Bank in a country.



The Finance Ministry is thinking about loosening of control over foreign accounts Russians 10.09.2016

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