Russian Currency Control Legislation

2016-04-25T12:39:19+04:00April 25th, 2016|Finance|

In accordance with the Federal Law “On Currency Regulation and Currency Control” all Russian citizens who are considered residents for currency control purposes (the "currency control residents") are obliged to file annual cash flow reports on their foreign bank accounts with the Russian tax authorities. New changes affect all Russian citizens who live abroad permanently [...]