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CFC filings

Participation and CFC notifications, financial statements of foreign companies for tax residents subject to CFC rules.

If CFC rules apply to you, the law requires notifying the tax authority and filing annually. Penalties for silence are heavy. We prepare notifications and statements so the tax office has no questions.

Controlled Foreign Companies (CFC)

ServicePrice
CFC financial statements preparation and audit (IFRS)from $950
Personal tax return (3-NDFL) for CFCfrom $590
CFC notification preparation and filingfrom $830
Contesting tax authority demand regarding CFCfrom $470
Drafting objections to Federal Tax Service demands on CFCfrom $470
Representation before tax authorities on CFC mattersfrom $590
Response to tax authority inquiry letter on CFCfrom $470
Translation of CFC financial statements into Russianfrom $10

Prices are indicative and cover our work on a typical case. We confirm the exact quote in writing after a short call - you know the final number before we start. Government fees and bank tariffs are billed separately unless explicitly included.

FAQ

What is a CFC in plain language?
A controlled foreign company is a company abroad controlled by a tax resident of your country. The law requires you to notify the tax authority about it and report its profit annually.
Do I file if the company was dormant?
Yes. Participation and CFC notifications are due regardless of whether there was activity or profit. No turnover does not remove the obligation.
What are the penalties for not filing?
They are substantial and counted per company per year, with separate penalties for failing to submit financial statements. Filing late is almost always cheaper than not filing.
Do I have to pay tax on CFC profit?
Not always: exemptions exist, including by the effective tax rate in the company's country and by type of activity. An exemption has to be evidenced, it does not apply automatically.
Can you help if I have not filed for years?
Yes, we handle these cases: we assess the exposure, prepare the document set and the explanations. The earlier you come, the more options there are.

Don’t want to figure this out alone?

We handle the whole process end to end: we check your CFC obligations, quote the work and give you honest timelines. Leave your details and a tax expert will get back to you. The first consultation is free.

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