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Russians can accept rental payments to foreign accounts. This is legal, the Federal Tax Service believes

22.05.2024
Homesoverseas.ru editorial office
302
At the beginning of the year, information appeared that tax authorities began to collect fines from Russians who accepted payments for renting out foreign real estate to their accounts opened abroad.

Recently, the Federal Tax Service (FTS) clarified whether such transactions are legal. According to the Federal Tax Service, they are absolutely legal. Citizens of the Russian Federation have the right to receive funds from renting out both Russian and foreign real estate to their foreign accounts. Such activities are classified as foreign trade services, and under such agreements, the transfer of funds to foreign bank accounts will be legitimate. Foreign trade transactions can be conducted by both individual entrepreneurs and individuals without the status of sole proprietors.

Fined in January, businessman Alexei Efremenko, who rented out non-residential premises, receiving payment to his account in a German bank, managed to challenge the decision of the tax authorities in court at the end of April.

Source: Forbes

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