The tax registration rules define a list of income exempt from determining the tax base for personal income tax. Specifically, income in the form of assets, with the exception of money, or property rights received by the taxpayer in 2022 from a foreign organization in relation to which the taxpayer represented a controlling person or founder as of 31 December 2021, constitute the tax base.
However, the tax exemption only applies if a number of conditions are met at the same time. For example, the property or property rights must come from a foreign organization that transfers them starting from 1 March 2022.
In addition, the taxpayer must submit to the income revenue authority, together with the tax return, a request in whatever form it may be drafted, certifying the exemption of such income from taxation. The declaration must specify the characteristics of the goods received and of the foreign organization, that transfers them. The application must be accompanied by documents containing information on the value of the asset according to the records of the foreign transferor organization on the date of receipt of that asset or right of ownership.
In this case, as emphasized by the Russian Ministry of Finance, the aforementioned income will be exempt from taxation, regardless of how the taxpayer has acquired the property or property rights.