The Federal Tax Service reported an increase in the number of foreign firms controlled by Russians

The Federal Tax Service reported an increase in the number of foreign firms controlled by Russians

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The number of foreign companies that are controlled by Russian citizens (controlled foreign company; CFC) at the end of 2022 increased by 21%, to 45.6 thousand. In 2022, the growth rate was a record for five years, writes RBC with reference to data from the Federal Tax Service (FTS).

According to the publication, 98% of CFCs are declared as foreign organizations, the remaining 2% are declared as foreign structures without the formation of a legal entity (partnerships, funds and others). Notifications of the presence of controlled foreign companies for 2022 were provided by more than 18.3 thousand taxpayers. Of these, 82% are individuals, 18% are Russian legal entities that control the CFC.

In 2022, the share of those notifying about CFC increased by 10%. Each reporting taxpayer on average had shares in 2.5 controlled foreign companies, RBC notes. The total share of CFC growth in 2021 was 8%, in 2020 – 14%.

More details in the text “Kommersant” “Take it and leave it”.

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