Reporting on the opening of foreign accounts
In accordance with the current legislation, it is necessary to send a notification about the opening and closing of a bank account abroad. Russia exchanges data with the tax authorities of 79 countries. Thus, the tax inspectorate can receive information about foreign accounts of citizens.
The easiest way to notify the tax service is by submitting a notification through the taxpayer’s personal account.
To register in your personal account, you will need to visit the nearest tax inspectorate or you can use an account on Public Services.
After logging in to your personal account, you can submit a notification by filling in all the necessary fields.
After opening an account, it is necessary to send annual reports on the movement of funds on the account. Specify the amount of receipts and the amount of write-offs.
A report on the movement of money on the account is also submitted through the taxpayer’s personal account.
In case of violation of the deadlines for sending the report, a fine of 2500 to 3000 rubles is provided.