The Tax Service has provided clarifications on the procedure for submitting reports on transfers using foreign electronic means of payment (wallets) provided by foreign payment service providers.
As the Federal Tax Service of Russia explains, from October 1, 2021, it is necessary to send a report if two conditions are met:
an electronic wallet is opened with a foreign payment service operator operating on the basis of a license to transfer funds without opening a bank account; during the calendar year, the balance of such an electronic means of payment was credited with an amount of more than 600 thousand rubles.
A list of the main foreign electronic wallets and their details can be found on the official website of the Federal Tax Service of the Russian Federation.
For legal entities and individual entrepreneurs, the first report on the new rules must be submitted by October 31, 2021 for the third quarter of 2021, if the amount of charges during this time exceeded 600 thousand rubles.