RS Especially for web Accounting procedures will change for foreign companies

Accounting procedures will change for foreign companies

May 2012

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The Tax Authority of Russia published new fiscal accounting rules for foreign companies. From now on all foreign companies opening or restructuring a business in Russia and, according to the Russian law, subject to tax registration should fill out the relevant documents using the new forms (approved by the Order of the Tax Authority of Russia dated February 13th, 2012). In particular, this order introduced six new forms. Two forms are critically important: form No.11NP-Accounting “Declaration about tax registration by the foreign company at the tax authority due to opening up a separate subdivision” and form No.11PP-Accounting “Declaration about tax registration by the foreign company at the tax authority due to business operation specified in paragraph 9 Article 306 of the Tax Authority of the Russian Federation”. In the latter case the law concerns companies with a permanent branch that exports goods.

It is necessary to clarify that amongst forms approved by the Tax Authority there are those that not only new companies or companies undergoing business reconstruction and opening/closing subdivisions need to fill out. This matter applies to other foreign companies. The point is that the order approved special forms for changing information provided early by foreign companies for Russian tax authorities. Therefore, upon changing addresses, management, etc. foreign companies have to notify Russian tax authorities using a specially approved form.

Also, the specified order introduced special forms for registering foreign non-commercial organisations in Russian tax authorities, which proves that the government is continuing its policy of tightening control over such organisations.

Aleksei Krainev,
Exclusively for russian-survey.com RS