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The deadline for the submission of reports on movement of funds on foreign accounts for 2019

As a general rule, resident individuals are required to submit annual reports on cash flows on foreign accounts (deposits) to the tax authorities by June 1 of the year following the reporting period.

This year, due to the adverse epidemiological situation, there are significant difficulties in submitting reports on time, including the inability to obtain statements (certificates) from banks located outside the Russian Federation, the deadline for submitting reports on cash flows on foreign accounts for 2019 has been extended to December 1, 2020.

If you have any questions or would like to use our services for preparing and submitting cash flow reports, please contact us and we will be happy to help you.