COMPANIES WILL BE RELEASED FROM CURRENCY CONTROL

Apr, 28 2017

The release from currency control is planned for exporting companies. This obligation will be transferred from companies to the banks.At present all companies should prepare supporting documentation and transaction passport for currency transactions exceeding 50.000$.For violation the following fines are fixed – 5000 Rubles for directors and 40.000 to 50.000 Rubles for companies.This measure should boost the export.

Author of the article

COMPANIES WILL BE RELEASED FROM CURRENCY CONTROL
Valentina Khlavich
Managing Partner

Send Request

By clicking on the button "Submit", you give your consent to the processing of your personal data and agree to the privacy policy.