Checks of natural persons with assets abroad have increased. Reporting, documentation. A responsibility.
Individuals who previously reported that they had accounts and property abroad have become the object of close attention of the tax authorities. By the end of 2021, the Federal Tax Service began to check them much more actively, and in the coming years it intends to only increase the number of verification activities. The notice may come right before the New Year, December 31st. If until now the checks were targeted and affected approximately 5% of individuals with property and accounts abroad, then soon they will become massive.
In fact, the leadership of the Federal Tax Service announced large-scale verification activities in the fall of 2020. The tax officials made no secret of the fact that they intended to pay special attention to controlled foreign companies, to assess the degree of their compliance with tax laws, since they had reliable data on accounts opened by Russians in foreign companies for trillions of rubles. The interest of the tax authorities has objective reasons.
The right to verify the information provided by individuals, the tax authorities arose in 2018, now they can compare the data provided by citizens in their tax returns with the data received from the financial authorities of foreign states. The process of information exchange between the Russian Federation and another 90 states is carried out automatically. But processing the information requires the efforts of specialists from the Federal Tax Service, and this is a laborious process. As a result, the amount of information received for 2017 was analyzed only by the beginning of 2021. That is, it takes about three years to check, and three years under the Tax Code is the statute of limitations for tax offenses.
It turns out that according to the data for 2018, there is a chance to charge additional taxes only in 2021. And 2018 is of particular importance in verification activities, since it was in this year that Russia was able to exchange financial information with Switzerland, in whose banks large Russian taxpayers traditionally prefer to place funds.
There are reasons for unrest among law-abiding taxpayers who have reported both in Russia and abroad. The fact is that the difference in reporting can lead to a difference in performance. If the Federal Tax Service detects it remotely, the inspector has the right to simply ask questions about the causes of discrepancies and inaccuracies. But more often, a citizen receives a notification about the initiation of an inspection and a requirement to provide documents for the last three years. An on-site inspection is also possible, but at the place of residence of an individual only with his consent, on-site inspections can be quite lengthy - they can last up to a year and a half or more. The taxpayer is obliged to give explanations, and cooperation is in his interests, because in case of detection of violations, a substantial fine (up to 40% of the amount of non-payment) and criminal liability (if the tax in the amount of more than 13.5 million rubles is not paid) threaten.
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