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Reporting Transactions for Currency Control Purposes – Changes Expected in 2018
26 December 2017
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2018 is expected to bring a number of changes to the system of regulation of currency operations in Russia.
As from 1 January 2018, a new procedure for registration and control over currency operations will take effect: Russian residents will no longer have to open a passport of transaction (“pasport sdelki”) for a foreign trade contract, instead they will need to register it.
As from 14 May 2018, the rules for currency operations, including repatriation of currency, and the rules of administrative liability for the breach of currency laws will be updated.
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