If the amount is within 1 million rubles, it is not necessary to notify the tax authorities of the origin of this money. But if it’s more than a million, a report is requested within a week after it appears in a citizen’s possession.
In an explanatory note, Anatoly Wasserman explained that it is unlikely that citizens will keep such sums “under the bed” at home, so finding such cash at home suggests that this money is a result of activity “in the shadow and even in the “black sector of the economy.” The violator faces a fine of up to 2 million rubles.
The person initiating such measures also suggested the creation of an online form for the submission of an appropriate application. The form and the necessary declaration documents must be certified by the Federal Tax Service.
It was not specified when Anatoly Wasserman’s bill would be discussed. But if the document is adopted, a clause on the illegal circulation of cash payments will be added to the Criminal Code of Russia.
Source: Ferra
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