Russian analogue of FATCA (Foreign Account Tax Compliance Act, law of the United States) may be introduced in the next 3-5 years. For protection against Western sanctions Russian authorities to introduce a national tax revenues of all Russian citizens, including those living abroad. Such a measure, the report states, Russias strategy to protect the financial sector from the Western sanctions, prepared by the Academy of National Economy and Public Administration under the President of the Russian Federation. This mode can be entered in the next 3-5 years and should affect all income Russian abroad: dividends, interest income, income from the sale of shares or property, various consultations. Currently, more than a six months living abroad who are not tax residents of Russia and do not pay taxes on income earned abroad. izvestia.ru/news/578199
Posted on: Mon, 20 Oct 2014 15:57:00 +0000
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