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Notice of participation in MNE for 2018

Who should submit notices of participation in multinational group of companies?

Organizations with consolidated revenue for the fiscal year preceding the reporting year exceeding the following thresholds should submit a notice of participation in multinational group of companies (MNE):

  • RUB 50 billion for MNE with a Russian parent company;
  • Threshold set by the relevant country for MNE with a foreign parent company (probably EUR 750 million).

If the consolidated revenue of your MNE for 2017 exceeds the above thresholds, your company should submit to tax authorities a notice of participation in MNE for 2018.

When should notices of participation in MNE be submitted?

Notices should be submitted within 8 months of the end of the MNE financial year.

If the financial year in your MNE coincides with the calendar year, then the notice should be submitted no later than August 31

How should the notice be submitted?

The notice format was approved by Order of the Federal Tax Service of Russia No. ММВ-7-17/124@ dated March 06, 2018 Approving the Format for Notice of Participation in Multinational Group Of Companies, the Procedure for Filling It Out and Submitting It in Electronic Form.
The following information is specified in the notice:

  • Reporting organization;
  • MNE parent company;
  • Authorized participant;
  • End of financial year for MNE.

Any exceptions?

Yes. No need to submit any notice if it has already been filed by a Russian parent company or a Russian authorized participant. It is also possible to submit a single notice for several Russian participants in a foreign group.

How may we help?

We would be pleased to:

  • Examine the situation in your organization and give recommendations on how to prepare MNE reporting;
  • Assist in preparing reporting forms as well as liaise with group companies on preparation of reporting.

If you have any questions or require further information about notice of participation in MNE, please do not hesitate to contact us.

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