It is necessary to report on foreign accounts by June 1.: The Federal Tax Service reminded about the annual duty
The Federal Tax Service reminds: by June 1, 2026 inclusive, certain categories of individuals must submit a report on the movement of funds and other financial assets in foreign accounts and deposits for 2025. This refers to the requirements of currency legislation stipulated by Article 12 of Federal Law No. 173-FZ of December 10, 2003 “On Currency Regulation and Currency Control”. The obligation applies to individuals — currency residents of the Russian Federation who have accounts (deposits) in banks and other financial market organizations outside Russia, as well as those who use electronic payment instruments of foreign payment service providers — in cases established by law. What must be submitted A report on the movement of funds and other financial assets in foreign accounts and deposits, as well as information…