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Reintroduction of Russian Tax Amnesty Program for Foreign Assets/CFCs Signed into Law

|Approved Changes|Russia
Russia

On 19 February 2018, Federal Law No. 34-FZ for the reintroduction of Russia's tax amnesty program for the disclosure of foreign assets and controlled foreign companies (CFCs) was signed into law and published in the Official Gazette. The program provides relief from administrative and criminal penalties for the voluntary disclosure of foreign bank accounts, foreign property, and controlled for…

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