Attn.: Clients of the Evrofinance Mosnarbank Depository being nonresident legal entities of the Russian Federation.
You are kindly requested to deliver the following documents to the Evrofinance Mosnarbank Depository prior to 31 December 2014:
1) If the representative office is established:
- a notarized copy of the state registration certificate for the permanent representative office issued by the tax authority not earlier than in the previous tax period;
- notification (letter) that the paid income tax is related to the permanent representative office (with specification of tax payment place: in the country of the representative office or in the country of the head office).
2) In other cases:
- certificate of residency confirming the permanent location of a foreign company in the country with which the Russian Federation concluded the international contract regulating taxation issues. The certificate of residency must be certified by a competent authority of a relevant foreign country and apostilled.
- Subject to Article 310, Paragraph 2, Sub-paragraph 4 of the Russian Tax Code, in the case of income payment to foreign banks, the confirmation of permanent residence of a foreign bank in the country with which the Russian Federation concluded the international contract (agreement) regulating taxation issues is not required when such a location is confirmed by public information directories. In particular, public information sources include international directories such as The Banker’s Almanac (edition of Reed Information Services, England or S.W.I.F.T.).
Clients being residents of the United Kingdom of Great Britain and Northern Ireland or residents of the United States of America ought to provide additional documents confirming that these legal entities do not have any special tax advantages in these countries in terms of income received in the Russian Federation.
In case of failure to provide the above-indicated documents, the tax on income of foreign legal entities will be withheld at a rate of 20% of the payable coupon yield and 15% of dividends.
