Changes to the procedure for completing a customs value declaration
According to the Decision of the Board of the Eurasian Economic Commission from August 15, 2023 № 112 "On Amendments to the Procedure for filling out the customs value declaration" in the customs document will indicate the actual costs in the national currency. In cases where expenses are reflected in foreign currency, but paid in national currency prior to the declaration of goods. Thus, there will be no recalculation of foreign currency on the day of registration of the customs declaration. This Decision shall enter into force upon expiration of 30 calendar days from the date of its official publication.
Simplification of cash transactions between Russian and foreign participants in foreign economic activity
The Ministry of Finance has prepared a draft resolution aimed at providing residents with the opportunity to receive cash from non-residents under export contracts as advance payments, as well as the right for residents to choose the authorized bank for the sale of foreign currency with subsequent crediting not only in Russian currency, but also in other foreign currencies.
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Participants of foreign economic activity are now allowed to receive payment for foreign trade contracts into their foreign accounts
On June 29, 2022, the government commission responsible for overseeing foreign investments in the Russian Federation introduced some relaxations in terms of Russian companies receiving funds as payment for goods and services received from foreign counterparties.
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