The State Duma adopted a law according to which foreign companies are required to submit information about their founders to the tax authorities.
According to the law, foreign companies and foreign structures without forming a legal entity will need to submit the following information to the tax office:
• about the participants of such foreign organizations;
• about founders, beneficiaries, managers (for a foreign structure).
The data will need to be submitted to the tax office at the place of registration.
In the event that a foreign organization is registered with different inspectorates, then information about the founders is sent to the tax authority that the organization has chosen.
Information about the participants (founders, beneficiaries, managers) must be formed as of December 31 of the year preceding the year of submission of information. The deadline for submitting information is no later than March 28 of each year.
The first information about the founders of foreign organizations must be submitted no later than March 28, 2022 as of December 31, 2021, since the Law comes into force on January 1, 2022
For unlawful or untimely submission of information about the founders of a foreign company, a fine of 50,000 rubles will be imposed.
Foreign organizations (structures) are recommended to have information about their beneficiaries in order to use it for correct taxation.