OREANDA-NEWS. May 27, 2015. Tax amnesty bill has been approved by the State Duma and submitted to the Federal Council.

In our view, the most important are the following amendments comparing with the version adopted in its first reading that we commented recently:

  • The bill specifies the type of liability the filer, or a person specified in a special amnesty declaration, is relieved from;
  • The bill provides definitions of nominal and actual owners;
  • The amnesty period is extended;
  • In addition to owners of declared assets, immunity (relief from criminal and administrative liability) may apply to managers of companies, which were used to acquire such assets.