MOSCOW, April 21 (RAPSI) – A group of lawmakers representing the Liberal Democratic Party (LDPR) submitted to the State Duma a bill that would extend “capital amnesty” until June 30, 2017, according to the database of the lower house of parliament.

Amnesty for capital returning to Russia was announced in June 2015.  In December 2015, President Vladimir Putin signed a law extending the amnesty until June 30, 2016.

The law on amnesty for capital creates a legal framework to encourage the voluntary declaration of property and personal accounts by individuals, including those registered to nominal holders.

The property as defined in the legislation includes real estate, securities, and shares and units of corporate capital and the declaration of foreign-controlled companies.

The applicants are to be relieved from criminal, administrative and customs liability for property-related offenses, but only with respect to the declared property.