Capital Amnesty 4.0

Capital Amnesty 4.0

Participate in the capital amnesty and protect your interests

Some countries have focused on freezing and seizing Russian assets including assets linked to some individuals.
5 reasons to participate
in the capital amnesty 4.0
  • 1
    Minimise a risk of asset freezing
    Capital amnesty 4.0 provides an opportunity to minimise a risk of asset freezing/loss in foreign "unfriendly" states.
  • 2
    Safety guarantee
    The fourth phase of the capital amnesty provides for exemption from criminal, administrative and tax penalties for potential offences committed before 1 January 2022, including violations of currency control legislation, if individuals declare funds in banks/deposits with foreign banks, financial assets from accounts/deposits foreign banks and financial market organizations, cash.
    To obtain the relevant guarantees, apart from actually declaring the items concerned individuals will have to transfer funds/financial assets to accounts with Russian banks.
  • 3
    Tax exemption excluding tax exemption for CFC
  • 4
    The fourth phase of the capital amnesty is an opportunity for Russian corporate groups for restructuring without paying a transaction tax
  • 5
    If the declaration has been filed at any of the previous phases, a new one can be submitted at this phase as well
WHO CAN PARTICIPATE
Individuals are present or former tax / currency residents of Russia
Individuals will be able to amnesty a range of assets
  • 1

    Controlled Foreign Corporation (CFC)

  • 2

    Vehicles

  • 3

    Accounts/deposits with banks or financial market organizations located outside Russia

  • 4

    Beneficial owner of accounts with banks located outside Russia

  • 5

    Cash

Guarantees

01
Data Protection Information For Applicants
The fourth phase of the capital amnesty provides for exemption from criminal, administrative and tax penalties for potential offences committed before 1 January 2022.
02
Tax exemption
It gives an exemption from the collection of taxes (except for profit tax of CFCs) and from liability for tax or customs violations committed before 1 January 2022 in connection with the acquisition and possession of declared items.
03
It gives an exemption from collection, including taxes for 2021
04
It gives an exemption from the collection of property taxes of CFCs for 2022
New conditions
  • 1

    Cash

    To obtain guarantees, cash must be paid into accounts/deposits with Russian banks within 30 days from the date of submission of the declaration to the tax authority

  • 2

    All funds or financial assets must be transferred to accounts with Russian credit organizations or Russian financial market organizations before the date of submission of the declaration

  • 3

    The special declarations must be submitted once together with the supporting documents


How can Intana Legal help?

  • Advising on participation in the fourth phase of the capital amnesty
    1
  • Analysing assets and accounts to identify potential declaration risks and opportunities
    2
  • Preparation of a special declaration and a set of supporting documents

    3
  • Submission of documents to the Russian tax authorities
    4
  • Determination of profit according to CFC rules for past periods and preparation of personal income tax (or profits tax) declarations
    5

Head of Tax Practice

Dmitry Barsky
Has over 20 years of experience in tax
Dmitry advises both international and Russian domestic businesses with a particular focus on tax due diligence, tax planning, with an emphasis on corporate reorganizations and restructurings. He has extensive experience working with a wide variety of industries, including Financial Institutions, Industrial Manufacturing, Energy and etc.
Dmitry is experienced in tax audits and focused on tax dispute resolution.

See portfolio →
  • Dmitry Barsky
    Has over 20 years of experience in tax
    Dmitry advises both international and Russian domestic businesses with a particular focus on tax due diligence, tax planning, with an emphasis on corporate reorganizations and restructurings. He has extensive experience working with a wide variety of industries, including Financial Institutions, Industrial Manufacturing, Energy and etc.
    Dmitry is experienced in tax audits and focused on tax dispute resolution.

    See portfolio →

How can we help you?

By clicking the ‘CONTACT ME’ button, you agree that any information you transmit to us is not confidential and accept the conditions stipulated in this Confidentiality Policy give us a consent with regards to the processing of your personal data.
Contact us
+7 495 937 54 85
ask@intana.legal

4/3 bld.3 Strastnoy boulevard,
Moscow, Russia, 125375