ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of May 28, 2022 No. 977

About measures of currency exchange control in the conditions of external sanctions pressure

The government of the Russian Federation decides:

1. Suspend till December 31, 2022 inclusive conducting checks of observance of the foreign exchange legislation of the Russian Federation by tax authorities, except as specified, when on performed violations, prescriptive limit of administrative prosecution for which expires till December 31, 2022, are revealed. In the specified cases conducting checks of observance of the foreign exchange legislation of the Russian Federation and implementation of administrative production can continue only regarding such violations.

The specified suspension of conducting checks of observance of the foreign exchange legislation of the Russian Federation does not extend to violations of the requirements established by the regulatory legal acts of the President of the Russian Federation and the Government of the Russian Federation accepted since February 28, 2022 which establish special economic measures in connection with unfriendly actions of the United States of America and the foreign states and the international organizations which adjoined them and also of the violations of the foreign exchange legislation of the Russian Federation connected with purchase and sale of foreign currency, passing authorized banks, and the violations connected with calculations when implementing currency transactions between residents without use of bank accounts in authorized banks in cash form.

2. Extend till December 1, 2022 stipulated in Item 2 Rules of representation by physical persons - residents to tax authorities of cash flow statements and other financial assets on accounts (deposits) in the banks and other organizations of the financial market located outside the territory of the Russian Federation and about money transfers without opening of the bank account with use of the electronic instruments of payment provided by foreign payment service providers, approved by the order of the Government of the Russian Federation of December 12, 2015 No. 1365 "About procedure for representation by physical persons - residents to tax authorities of cash flow statements and other financial assets on accounts (deposits) in the banks and other organizations of the financial market located outside the territory of the Russian Federation and about money transfers without opening of the bank account with use of electronic instruments of payment, provided by foreign payment service providers", the term of representation by physical persons - residents to tax authorities of cash flow statements and other financial assets on accounts (deposits) in the banks and other organizations of the financial market located outside the territory of the Russian Federation and about money transfers without opening of the bank account with use of the electronic instruments of payment provided by foreign payment service providers for accounting 2021.

3. This resolution becomes effective from the date of its official publication.

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