Russia’s New Rules Concerning Mutual EAEU Trade Statistical Data Filing
On July 24, 2020, the Russian Government issued Decree 891, effective from 19th June 2020, which approves new rules for maintaining statistic data of mutual trade of the Russian Federation goods with the Eurasian Economic Union (EAEU) countries of Armenia, Belarus, Kazakhstan and Tajikistan. The Decree contains several important changes:
- The deadline for submitting reports is increased from 8 to 10 working days.
- The option of providing a paper statistical form is cancelled. Currently forms can be submitted only electronically from the personal account on the Federal Customs Service website. An electronic signature is required to sign and submit the report; however, the company can use the same electronic signature that is used to sign the reports to be submitted to the tax authorities.
- The possibility to provide statistical forms by a customs representative is cancelled. Now the customs authorities accept reports only from the legal entity that directly shipped to the EAEU countries or received the goods from the EAEU countries.
- Now it is possible to avoid the administrative responsibility for submitting a statistical form containing inaccurate data. An important condition is that a foreign economic activity participant must submit a new statistical form within 10 days from the date of detection of the erroneous information.
- Changes have been introduced concerning those categories of goods, which when being moved require the submission of the statistical form. Previously, a list of goods was approved for which the providing of a statistical form was not required. For example, when moving advertising materials, souvenirs, different samples. Currently participants of foreign economic activity must provide statistical reports on all the moved goods which increase or decrease the material resources of the State. The detailed lists of cases that may cause difficulties in determining the presence or absence of the obligation to submit the statistical form are given in paragraphs 7 and 8 of the Decision of the EEC Board No. 210 dated 25.12.2018.
Russia’s trade with the Eurasian Economic Union has been increasing and is expected to rebound after Covid-19. Foreign investors in Russia and the EAEU countries need to be aware of these new reporting lines. For assistance please contact email@example.com
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Russia Briefing is written by Dezan Shira & Associates. The firm has 28 offices throughout Eurasia, including China, Russia, India, and the ASEAN nations, assisting foreign investors into the Eurasian region. Please contact Maria Kotova at firstname.lastname@example.org for Russian investment advisory or assistance with market intelligence, legal, tax and compliance issues throughout Asia.