We would like to remind you that companies should notify the
Domestic transactions are considered to be controlled if the total income of these transactions is higher than 1 billion rubles. If one of the parties is not a tax resident of Russia, transactions are considered to be controlled only when the total income is higher than 60 million rubles.
Failure to submit or late submission of a notice, as well as submission of a notification with inaccurate information, entail a fine of 5,000 rubles. In addition, if the tax base is underestimated because of the application of non-market prices, the organization faces a fine of 40% of the unpaid tax, but not less than 30,000 rubles.
Experts of Emerging Markets Group will be happy to offer you their assistance in the collection of data on controlled transactions for 2020, preparation and submission of notification to the tax inspection.