In the State Duma a law on voluntary declaration for individuals – Moskovsky Komsomolets

It is also called amnesty bill capital

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The Cabinet of Ministers of the Russian Federation has approved a bill to legalize capital . March 27 made it to the State Duma. Experts note: the law is important from the point of view of broadcasting the trust state to businessmen.

In the State Duma a government bill on amnesty. This information is available in an electronic database of documents of the lower house of parliament. The bill states that it is designed to create a legal mechanism for voluntary declaration of assets and bank accounts and to provide legal guarantees for the preservation of capital and property of individuals, protection of their property interests, including outside Rossii.Soobschaet

When that this mechanism should solve a number of problems. Firstly, it should reduce the risks associated with possible limitations of using Russian capital overseas. Secondly, it should create the legal basis for the transfer of property owned by a person who possess, use and dispose of the property in another’s interest in favor of the actual owners of the property without the obligation to pay taxes in connection with such transfer.

Also as a result should be incentives for fair taxes individuals. Another object of the bill – the definition of the guarantees of legal protection of property interests of individuals participating in the voluntary declaration of assets and accounts, confidentiality of the information received, the release of such individuals from criminal and administrative responsibility and liability for tax offenses.

This law will create a legal basis “for involvement in the economy of the property that was in the” gray “area, and re-register the property in its actual owners,” said the consideration of the bill, Prime Minister Dmitry Medvedev (quoted by “Interfax”). Premier specified that legalization “does not make mandatory restitution in the Russian Federation, it need only transfer to a” transparent “jurisdiction that does not fall into the” black list “FATF, and will need to transfer the property beyond the countries with which Russia has no agreements double taxation “.

Finance Minister Anton Siluanov said that the declared assets under capital amnesty will not be subject to non-recurring fees and taxes.