The Finance Ministry has prepared amendments, facilitating the Amnesty of capital

The Finance Ministry has prepared amendments, facilitating the Amnesty of capital


The amendments derive from the risk of securities holders. The Finance Ministry proposes to extend the requirement for repatriation only for cash, and also allow to declare the property already sold.

MOSCOW, 26 Jan. The Finance Ministry is ready to adjust the parameters of the Amnesty, expanding the list of covered assets and guarantees, wrote on Tuesday the newspaper “Vedomosti” with reference to a copy of the amendments to the law “On the voluntary Declaration of assets and Bank accounts”.

The list of assets falling under the Amnesty of capital, can be extended with intangible assets – the land plots, intellectual property, vehicles, funds directly in the Bank accounts of the project.

The Finance Ministry also proposes to narrow the requirements for repatriation. Now with the Amnesty in Russia need to be translated only from the assets of countries included in one of the two black lists of the FATF, or FNS, in which 119 countries: in addition to traditional offshore jurisdictions there are jurisdiction such as the UK and Switzerland. The Finance Ministry proposes to replace the list of FTS (40 jurisdictions).

The amendments derive from the risk zones and owners of securities – the Finance Ministry proposes to extend the requirement for repatriation of funds only and not on any movable property. The Ministry of Finance also proposes to allow to declare the property already sold.

Against the draft amendments are the members of the state Duma Committee on budget and taxes, says the party meeting with the participation of the Ministry of Finance, Federal tax service, consultants of the “big four” and members: amendments expanding the parameters of the Amnesty, and not correct them, it violates the rights of entrepreneurs that already submitted the Declaration.

Amnesty of capitals in the Russian Federation extended until July 1, 2016. The proposal to extend the Amnesty for six months and make this mechanism some adjustments announced in December address to the Federal Assembly the Russian President Vladimir Putin.