Mikhail Kazantsev: capital amnesty is an outreach to the business community
Russia’s law broadly known as the “Capital Amnesty Law” - was adopted on June 8. Under the amnesty, taxpayers are able to declare their foreign assets by filing a special declaration with Russia’s tax authorities. Meanwhile, the state guarantees a waiver of tax proceedings related to the assets declared. Mikhail Kazantsev, a partner at Egorov, Puginsky, Afanasiev & Partners, spoke with RAPSI about what had come out of it and how it might operate in practice.
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