New Capital Amnesty

On 19 February 2018 the President of Russia signed three federal laws¹ which extended the capital amnesty campaign and timeframes for tax-exempt liquidation of foreign companies and unincorporated structures.

The new capital amnesty campaign will last from 1 March 2018 through 28 February 2019. The new campaign will be available to new declarants and to those who already participated in the previous 2015-2016 campaign. The declarants will receive the guarantees with regard to acts committed prior to 1 January 2018. The guarantees will be comparable to the scope of guarantees provided in the previous capital amnesty campaign. The special declaration may be filed only once with any tax authority starting from 1 March 2018 up to 28 February 2019.