The Federal Law stipulates that assets and accounts in foreign banks, declared by individuals from March 1, 2018 to February 28, 2019 in accordance with the Federal Law On Individual Voluntary Declaration of Assets and Accounts (Deposits) in Banks and Amendments to Certain Legislative Acts of the Russian Federation, are not subject to taxation except taxes on profit and (or) assets of controlled foreign companies.
In addition, the Federal Law exempts any individual income received during the liquidation of a controlled foreign company from taxation if such liquidation is completed by March 1, 2019.
The term during which such a company is considered a tax resident of the Russian Federation is extended until March 1, 2019.