Russia extends deadline for reporting Controlled Foreign Companies (CFC)
Russia’s Finance Minister, Anton Siluanov, announced that the deadline to report on CFCs will be postponed from 1 April to 15 June 2015. As such, failing to file before 15 June 2015 will not result in any penalties.
Submissions of notifications on participation in CFCs must have actual information as at 15 May 2015. For companies that are liquidated, or control is ceased, prior to 15 June 2015, no notification is filed.
The bill is expected to be approved by the Upper House of the Russian Parliament soon.
