Russia Releases Guidance on Foreign Organisations Being Russian Tax Resident

The Federal Tax Service of Russia clarified the duties of a foreign organisation that independently recognised itself as a tax resident of Russia, and indicated that:

  • Such organisations submit income tax declarations using the same form as Russian legal entities (form according to Classifier of Tax Documents 1151006).
  • The declaration on the profit tax of a foreign organization and the annual report on activities in Russia do not need to be submitted.
  • The tax can be transferred, for example, from a bank account opened by a branch of a foreign organisation in Russia.
  • A foreign company fully accounts for income from sources abroad, taking into consideration the expenses incurred both in Russia and abroad, etc.

The issue of taxation of interest received from borrowers that are residents of Cyprus is also being considered.


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