Financial organizations in Russia will be required to request information on tax residency from clients who have predominantly used their applications abroad for six months. This decision is aimed at improving the control over the tax obligations of citizens, according to the press service of the Ministry of Finance.
The revised draft government decree clarifies the procedure for updating data on tax residency previously received from clients. Geolocation data will not be used for automatically determining tax status.
Financial organizations must request information from clients if it is established that the latter actively use remote services while outside of Russia. If geolocation confirms the use of services abroad in more than 50% of cases within six months, this will become the basis for the request.
The Ministry of Finance emphasizes that location data will not automatically determine the client's tax status, but will only serve as a basis for updating information. These changes will help the OFR to provide more complete and reliable data to the Federal Tax Service of Russia in a timely manner.
Read more on the topic:
Banks Conducted Digital Ruble Tests in the Budget Sector
Central Bank May Limit the Number of Bank Cards per Person
Banks of Which Countries May Open in Russia: Incomplete List
Now on home
Manturov: The funds will be used to build 50 passenger ships
Military personnel hone their skills to solve tactical tasks
Russians are traveling more often by train and car
На лайнеры установят российские двигатели ПД-8
Work continues on certification of MC-21-310 and Superjet-100
Rosimushchestvo and the Ministry of Finance of the Russian Federation are planning an open auction for the privatization of the facility
Experts advise explaining why services offer similar videos and show personalized advertising
The unique crystal could be auctioned off at a specialized auction
The negotiations concern the order of leasing payments, aircraft operation, and after-sales service
Belarus is interested in joint projects in aircraft construction, defense industry, and transport
Booking will be available through the app
The program until 2035 should involve the Belarusian industrial sector