Foreign affiliates banned from paying taxes to the Russian budget

According to RBC, referring to experts consulting company Business Solutions and Technologies, companies associated with foreigners faced difficulties in liquidating a legal entity even before the introduction of anti-Russian sanctions. After restrictive measures were introduced, and foreign business began to massively leave the Russian market, the problems only worsened.

One of the difficulties for branches and subsidiaries of foreign companies is the decision of the head office abroad not to pay taxes to the budget of the Russian Federation. At the same time, we note that the United States government allowed controlled American companies to pay taxes in Russia until March next year, despite the sanctions imposed by the Treasury. In Russia, for non-payment of taxes and failure to provide a declaration, the heads of organizations face criminal penalties.

Experts point out that the most painless way out in such a situation is the filing of reports and declarations in which the amounts of taxes are correctly calculated, since in this case the tax authority will collect funds from the company's accounts on its own. If the declaration is not submitted at all, the situation changes dramatically - a fine is charged or criminal liability is established depending on the amount of the arrears.