On Apr. 18, RUS Tax announced controlled transaction notification.
RUS Tax notification of controlled transactions must be submitted by May 20, 2025.
Key Points
The notification of controlled transactions for 2024 is submitted in the form and format approved y order ED-7-13/1088 with new sections covering controlled transactions that fall under the criteria set out in by subpara 7 para 3 art 105.16 of the Tax Code.
Taxpayer Legal Entity software which will help generate a notification in the new form.
Transactions between related parties and transactions equivalent to them are recognized as controlled if conditions and amount criteria established by the Tax Code.
Failure to submit a notification on time for 2024 will result in a fine of 100,000 rubles.
