The reporting is required if the
two following terms are met:
- The electronic wallet is opened with a foreign operator of payment services with a license for cash transfers without a bank account opening;
- The amount credited to the electronic payment facility during a calendar year exceeds 600,000 rubles.
Individuals should file the first report on cash transfers made via foreign electronic payment facilities not later than
June 1, 2022 for the period from
July 1 till December 31, 2021, if the credited amount exceeds 600,000 rubles
(if the amount was credited in foreign currency, the rate effective as of December 31 of the reporting period should be applied). Further on the report should be filed if the credited amount exceeds 600,000 rubles
for 12 months of the reporting period.
The list of major foreign electronic wallets and their details published on the official web-site of the Russian Federal Tax Service is given below (to be updated on a regular basis):Payer (PAYCORP Limited)
NETELLER (Paysafe Financial Services Limited)
AdvCash (ADVANCED CASH LIMITED)
Skrill (Skrill limited)
Paxum (GestionPaxum Inc./PaxunInc)
ecoPayz (PSI-PAYLtd)
IDRAM («IDRAM» Limited Liability Company)
PAYSERA (PayseraLT)
PaySafeCard (Paysafe Prepaid Services Limited)
Entropaay (Ixaris) (Ixaris Solutions Limited)
Paytm (One97 Communication Limited)
For the cash transfers via foreign electronic wallets, made in breach of the law, a fine from 75% to 100% of the transferred amount will be imposed.
The following fines will be imposed for failure to file a report or for late filing:- Failure to file a report - 20 to 40% of cash assets credited to the wallet for a calendar year;
- Violation of filing terms - 300 to 3,000 rubles (depending on the period of delay);
- Violation of the filing procedure – 2,000 to 3,000 rubles (repeated violation of the filing procedure – 20,000 rubles).