Russian Rouble payment requirements.

Transcription

1 Russian Rouble payment requirements. When making payments in Russian Roubles (RUB) there are requirements, set by the Russian Central Bank, to include identifying codes on certain payments An INN code is a unique taxpayer code. All Russian entities and most individuals have an INN code. Some foreign companies may also have an INN code, if they pay taxes in Russia. The INN code is 10 digits length for a legal entity, or 12 digits length for an individual. The KIO code is a code, assigned by local tax authority to all foreign companies, who hold accounts with Russian banks and do not pay taxes in Russia. KIO is 5 digits length. INN or KIO are usually accompanied by a 9 digit code, called KPP. That is an encoded reason of tax registration. This code becomes mandatory only in tax payments. According to Russian Clearing Rules (2-P) an INN/KIO code of the beneficiary should be present in a payment order if assigned, i.e. always. Examples: INN code for a company paying tax in Russia (INN KPP ) INN code for an individual paying tax in Russia (INN KPP ) KIO code for foreign company who do not pay tax in Russia (KIO KPP ) The following codes need to be included with the payment instruction to identify the nature of the payment. These codes will be preceded by the letters VO i.e. VO Example: A client making a payment under the following type: Non-resident s sale of foreign currency for Russian currency, except mandatory sale of currency proceeds would need to include the VO code within the payment details field: VO The beneficiary of the payment should advise what codes are required and it is advisable to contact them for this information before making a payment in RUB. Failure to include the relevant code or an incorrect code may lead to the payment being delayed, returned and additional fees to be taken. Operation Operation type type code 01 Conversion via accounts. Residents Resident s sale of foreign currency for Russian currency, except mandatory sale of currency proceeds Mandatory sale of currency proceeds for Russian currency Resident s purchase of foreign currency for Russian currency Resident s purchase / sale of one foreign currency for another foreign currency 02 Conversion via accounts. Non-residents Non-resident s sale of foreign currency for Russian currency, except mandatory sale of currency proceeds Non-resident s purchase of foreign currency for Russian currency 10 Payments and Settlements Between Residents and Non-residents for Goods Exported from Russian Federation s Customs Territory,

2 Including Aircraft, Sea Boats, Inland Boats, Spacecraft under Foreign Trade deals Commercial loan made by non-resident to resident as advance payment for exported goods referred to in sections XVI, XVII, XIX of Foreign Trade Nomenclature (advance payment) Commercial loan made by non-resident to resident as advance payment for goods exported under agreements for construction and contractor work (advance payment) Commercial loan made by non-resident to resident as advance payment for goods exported, except payments coded and (advance payment) Non-resident s payments and settlements under grace period up to three years extended by resident to non-resident for export of goods referred to in sections XVI, XVII, XIX of Foreign Trade Nomenclature (payments made after goods are exported from Russian Federation s Customs Territory) Non-resident s payments and settlements under grace period in excess of three years extended by resident to non-resident for export of goods referred to in sections XVI, XVII, XIX of Foreign Trade Nomenclature (payments made after goods are exported from Russian Federation s Customs Territory) Non-resident s payments and settlements under grace period up to five years extended by resident to non-resident for export of goods under agreements for construction and contractor work (payments made after goods are exported from Russian Federation s Customs Territory) Non-resident s payments and settlements under grace period in excess of five years extended by resident to non-resident for export of goods under agreements for construction and contractor work (payments made after goods are exported from Russian Federation s Customs Territory) Non-resident s payments and settlements under grace period up to 180 days extended by resident to non-resident for goods exported, except payments coded and (payments made after goods are exported from Russian Federation s Customs Territory) Non-resident s payments and settlements under grace period in excess of 180 days extended by resident to non-resident for goods exported, except payments coded (payments made after goods are exported from Russian Federation s Customs Territory) 11 Payments and Settlements Between Residents and Non-residents for Goods Imported to Russian Federation s Customs Territory, Including Aircraft, Sea Boats, Inland Boats, Spacecraft under Foreign Trade deals Resident s payments and settlements under grace period extended by nonresident to resident for import of goods referred to in sections XVI, XVII, XIX of Foreign Trade Nomenclature (payments made after goods are imported to Russian Federation s Customs Territory) Resident s payments and settlements under grace period extended by nonresident to resident for goods imported, except payments coded (payments made after goods are imported to Russian Federation s Customs Territory) Commercial loan up to three years made by resident to non-resident as advance payment for imported goods referred to in sections XVI, XVII, XIX of Foreign Trade Nomenclature (advance payment) Commercial loan for more than to three years made by resident to non-resident as advance payment for imported goods referred to in sections XVI, XVII, XIX of Foreign Trade Nomenclature (advance payment) Commercial loan up to 180 days made by resident to non-resident as advance payment for imported goods, except payments coded (advance payment) Commercial loan in excess of 180 days made by resident to non-resident as advance payment for imported goods, except payments coded and (advance payment) 12 Payments and Settlements Between Residents and Non-residents for Goods without their Import to Russian Federation s Customs Territory Non-resident s payments and settlements for fish items produced and sold by resident to non-resident outside Russian Federation s Customs Territory Resident s payments and settlements for fish items purchased by resident from non-resident outside Russian Federation s Customs Territory Non-resident s payments and settlements for aircraft, sea and river boats sold by resident to non-resident outside Russian Federation s Customs Territory Resident s payments and settlements for aircraft, sea and river boats purchased by resident from non-resident outside Russian Federation s Customs Territory

3 Non-resident s payments and settlements for goods sold by resident to nonresident outside Russian Federation s Customs Territory without importing them to Russian Federation s Customs Territory, except payments coded and Resident s payments and settlements for goods purchased by resident from nonresident outside Russian Federation s Customs Territory without importing them to Russian Federation s Customs Territory, except payments coded and Payments and Settlements Between Residents and Non-residents for Goods in Russian Federation s Territory Non-resident s payments and settlements for goods sold by resident to nonresident in Russian Federation s territory Resident s payments and settlements for goods purchased by resident from nonresident in Russian Federation s territory 20 Payments and Settlements in Favour of Residents under Foreign Trade Deals Related to Works, Services, Information and Intellectual Products Transfer, Including Exclusive Rights thereto Commercial loan made by non-resident to resident as advance payment for construction and contractor work done by resident outside Russian Federation s territory (advance payment) Commercial loan made by non-resident to resident as advance payment for work / services done and information and intellectual products transfer by resident, including exclusive rights thereto, except payments coded (advance payment) Non-resident s payments and settlements where resident gives non-resident up to 5 years grace period for construction and contractor works done by resident outside Russia (payment after services are provided) Non-resident s payments and settlements where resident gives non-resident more than 5 years grace period for construction and contractor works done by resident outside Russia (payment after services are provided) Non-resident s payments and settlements to resident where resident gives nonresident up to 180 days grace period for work / services done and information and intellectual products transfer, including exclusive rights thereto (payments after work / services are done, information, intellectual products transferred, including exclusive rights thereto) Non-resident s payments and settlements to resident where resident gives nonresident more than 180 days grace period for work / services done and information and intellectual products transferred, including exclusive rights thereto (payments after work / services are done, information, intellectual products transferred, including exclusive rights thereto) Non-resident s payments and settlements for services done by resident to nonresident to produce and sell fish items outside Russian Federation s Customs Territory 21 Payments and Settlements from Residents in Favour of Nonresidents under Foreign Trade Deals Related to Works, Services, Information and Intellectual Products Transfer, Including Exclusive Rights Thereto Resident s payments and settlements where non-resident gives a grace period for works / services done by non-resident, information and intellectual products transferred, including exclusive rights thereto (payments after work / services are done, information, intellectual products transferred, including exclusive rights thereto), except payments coded Commercial loan made by resident to non-resident for up to 180 days as advance payment for work / services done, information and intellectual products transferred by resident, including exclusive rights thereto (advance payment) Commercial loan made by resident to non-resident for over 180 days as advance payment for work / services done, information and intellectual products transferred by resident, including exclusive rights thereto (advance payment) Resident s payments and settlements for services done by non-resident to resident to produce and sell fish items (payments after services are made) outside Russian Federation s Customs Territory 30 Payments and Settlements Between Residents and Non-residents Related to Transactions with Real Estate, Except Payments for Aircraft, Sea Boats, Inland Boats, Spacecraft Involved in Foreign Trade Non-resident s payments and settlements for real estate sold by resident to nonresident outside Russian Federation s Territory

4 Resident s payments and settlements for real estate bought by resident from non-resident outside Russian Federation s Territory Non-resident s payments and settlements for real estate sold by resident to nonresident within Russian Federation s Territory Resident s payments and settlements for real estate bought by resident from non-resident within Russian Federation s Territory 35 Payments and Settlements Between Residents and Non-residents for Other Operations Related to Foreign Trade and Not Listed Expressly in Groups of this List Settlements and payments between resident and non-resident related to refunds of erroneous credits or amounts under unfulfilled contracts Payments and settlements between resident and non-resident for other operations related to foreign trade and not listed expressly in Groups of this List, except payments coded Settlements and payments Related to Loans and Credits Provided by Residents to Non-residents Settlements and payments by resident to non-resident related to loans and credits for more than three years Settlements and payments by resident to non-resident related to loans and credits, except payments coded Settlements and payments Related to Loans and Credits Provided by Nonresidents to Residents Settlements and payments by non-resident to resident related to loans and credits for more than three years Settlements and payments by non-resident to resident related to loans and credits, except payments coded Payments and Settlements Between Residents and Non-residents Related to Resident s Loan and Credit Obligations Settlements and payments by resident to non-resident to repay loans or credits (principal) Settlements and payments by resident to non-resident to repay overdues on loans or credits (principal) Settlements and payments by resident to non-resident to pay interest Settlements and payments by resident to non-resident to pay overdue interest Other payments and settlements between resident and non-resident related to resident s obligations under loans or credits 43 Payments and Settlements Between Residents and Non-residents Related to Non-resident s Loan Obligations Settlements and payments by non-resident to resident to repay loans (principal) Settlements and payments by non-resident to resident to repay overdues on loans (principal) Settlements and payments by non-resident to resident to pay interest Settlements and payments by non-resident to resident to pay overdue interest Other payments and Settlements between resident and non-resident related to non-resident s obligations under loans 50 Settlements and payments Related to Capital Investment Settlements and payments by resident for shares, interest, contributions acquired from non-resident in the assets (charter capital or joint stock capital, unit trust) of an established resident legal entity, where resident makes contributions under particular partnership agreement with non-resident Settlements and payments by resident for shares, interest, contributions acquired from non-resident in the assets (charter capital or joint stock capital, unit trust) of an established non-resident legal entity, where resident makes contributions under particular partnership agreement with non-resident Settlements and payments by resident for shares, interest in, contributions to the assets (charter capital or joint stock capital, unit trust) of a newly formed nonresident legal entity, where resident makes contributions under particular partnership agreement with non-resident Non-resident s settlements and payments for shares, interest, contributions acquired in the assets (charter capital or joint stock capital, unit trust) of a newly formed resident legal entity, where non-resident makes contributions under particular partnership agreement with resident Non-resident s settlements and payments for shares, interest, contributions acquired from resident in the assets (charter capital or joint stock capital, unit trust) of a newly formed non-resident legal entity, where non-resident makes

5 contributions under particular partnership agreement with resident Non-resident s settlements and payments for shares, interest in, contributions to the assets (charter capital or joint stock capital, unit trust) of a newly formed resident legal entity, where non-resident makes contributions under particular partnership agreement with resident Settlements and payments by resident to non-resident where resident legal entity is wound up Settlements and payments by non-resident to resident where non-resident legal entity is wound up Payment of dividend / income on capital investment 51 Settlements and payments related to acquisition of domestic securities (Rights Certified by Domestic Securities) by Non-residents from Residents Settlements and payments by non-resident to resident for bonds issued on behalf of the Russian Federation Settlements and payments by non-resident to resident for shares, except acquired at original issuance Settlements and payments by non-resident to resident acquired at original issuance Settlements and payments by non-resident to resident for units in unit investment funds Settlements and payments by non-resident to resident when resident issues bonds, redeemable and repayable in the first three years from issue date Settlements and payments by non-resident to resident when resident issues bonds, not subject to redemption or repayment in the first three years from issue date Settlements and payments by non-resident to resident for residents' bonds, redeemable and repayable in the first three years from issue date Settlements and payments by non-resident to resident for residents' bonds, not subject to redemption or repayment in the first three years from issue date Settlements and payments by non-resident to resident for non-residents' bonds, redeemable and repayable in the first three years from issue date Settlements and payments by non-resident to resident for non-residents' bonds, not subject to redemption or repayment in the first three years from issue date Settlements and payments by non-resident to resident for other domestic issue securities Settlements and payments by non-resident to resident for promissory notes Settlements and payments by non-resident to resident for domestic non-issue securities, except promissory notes Settlements and payments by non-resident to resident related to payment of penalties / fines under transactions with domestic securities Settlements and payments by non-resident to broker to special broker s account Settlements and payments by non-resident to resident related to payment of interest / coupon income, dividends on domestic securities, income on investment units in unit investment funds Settlements and payments by non-resident to third parties of fees and reimbursement amounts related to acquisition of domestic securities through special bank account, except payment of authorized bank s expenses for operations on special bank account 52 Settlements and payments Related to Non-resident s Disposal of Domestic Securities (rights certified thereby) in Favour of Resident Settlements and payments by resident to non-resident for disposal of bonds issued on behalf of the Russian Federation Settlements and payments by resident to non-resident for disposal of resident s shares Settlements and payments by resident to non-resident for disposal of nonresident s shares, except acquisition at original issuance of shares issued by nonresident Settlements and payments by resident to non-resident in acquisitions at original issuance by non-resident holder of B1 account Settlements and payments by resident to non-resident for non-resident s issue of bonds, which are to be redeemed and paid over the first three years of issue date Settlements and payments by resident to non-resident for non-resident s issue of bonds, which are not to be redeemed and paid over the first three years of issue

6 date Settlements and payments by resident to non-resident for disposed units in unit investment funds Settlements and payments by resident to non-resident for disposal of residents bonds which are to be redeemed and paid over the first three years of issue date Settlements and payments by resident to non-resident for disposal of residents bonds which are not to be redeemed and paid over the first three years of issue date Settlements and payments by resident to non-resident for disposal of nonresidents bonds which are to be redeemed and paid over the first three years of issue date Settlements and payments by resident to non-resident for disposal of nonresidents bonds which are to not be redeemed and paid over the first three years of issue date Settlements and payments by resident to non-resident for disposal of other domestic issue securities Settlements and payments by resident to non-resident holder of B1 account related to the issue of promissory notes by non-resident holder of B1 account to resident Settlements and payments by resident to non-resident related to disposal of promissory notes, except those issued to resident by non-resident holder of B1 account Settlements and payments by resident to non-resident related to disposal of domestic non-issue securities, except promissory notes Settlements and payments by resident to non-resident of penalties or fines for operations with domestic securities Settlements and payments by resident to non-resident of interest / coupon income, dividends on domestic securities, income on investment units in unit investment funds Settlements and payments by resident to non-resident from special broker s accounts 53 Settlements and payments by resident of Acquisition of Foreign Securities (Rights Certified Thereby) from Non-residents Settlements and payments by resident to non-resident for shares issued by resident Settlements and payments by resident to non-resident for shares issued by nonresident, except those acquired at original issuance of shares by non-resident Settlements and payments by resident to non-resident for securities acquired at original issuance of shares by non-resident Settlements and payments by resident to non-resident for residents bonds, redeemable and payable over the first three years of issue date Settlements and payments by resident to non-resident for residents bonds, not redeemable or payable over the first three years of issue date Settlements and payments by resident to non-resident for other foreign issue securities issued by resident Settlements and payments by resident to non-resident for non-residents bonds, redeemable and payable over the first three years of issue date Settlements and payments by resident to non-resident for non-residents bonds, not redeemable or payable over the first three years of issue date Settlements and payments by resident to non-resident for other foreign issue securities issued by non-resident Settlements and payments by resident to non-resident for promissory notes Settlements and payments by resident to non-resident for other foreign nonissue securities, except promissory notes Settlements and payments by resident to non-resident as penalty / fine for operations with foreign securities Settlements and payments by resident to non-resident as interest / coupon income, dividends on foreign securities Settlements and payments by resident to third parties as fees and reimbursements related to acquisition of foreign securities through special bank account, except payment of authorised bank s expenses for operations on special bank account 54 Settlements and payments Related to Resident s Disposal of Foreign Securities (Rights Certified Thereby) to Non-resident Settlements and payments by non-resident to resident for disposal of shares issued by non-resident

7 Settlements and payments by non-resident to resident for shares issued by residents, except shares acquired at original issuance Settlements and payments by non-resident to resident for shares acquired at original issuance Settlements and payments by non-resident to resident for bonds which are issued by resident and are redeemable and payable over the first three years of issue date Settlements and payments by non-resident to resident for bonds which are issued by resident and are not redeemable or payable over the first three years of issue date Settlements and payments by non-resident to resident for disposal of residents bonds redeemable and payable over the first three years of issue date Settlements and payments by non-resident to resident for disposal of residents bonds not redeemable or payable over the first three years of issue date Settlements and payments by non-resident to resident for disposal of other foreign issue securities issued by resident Settlements and payments by non-resident to resident for disposal of nonresidents bonds redeemable and payable over the first three years of issue date Settlements and payments by non-resident to resident for disposal of nonresidents bonds not redeemable or payable over the first three years of issue date Settlements and payments by non-resident to resident for disposal of other foreign issue securities, issued by non-resident Settlements and payments by non-resident to resident holder of R1 account for issue of promissory notes to non-resident by resident holder of R1 account Settlements and payments by non-resident to resident for disposal of foreign non-issue securities, except promissory notes issued to non-resident by resident holder of R1 account Settlements and payments by non-resident to resident as penalty / fine for operations with foreign securities Settlements and payments by non-resident to resident as interest / coupon incomes, dividends on foreign securities Settlements and payments by non-resident to resident for disposal of foreign securities which were not issued by resident holder of R1 special account and were not registered in sub-account of custody account R2 (added following Central Bank s Instruction No. 1713U dated 8 August 2006) 55 Payments and Settlements of Residents and Non-residents Liabilities under Foreign and Domestic Securities Settlements and Payments by resident to non-resident of liabilities under government securities Settlements and Payments by resident to non-resident of resident s liabilities under bonds redeemable and payable within the first three years of issue date Settlements and Payments by resident to non-resident of resident s liabilities under bonds redeemable and payable after three years of issue date Settlements and Payments by resident to non-resident of resident s liabilities under other issue securities Settlements and Payments by resident to non-resident of resident s liabuilities under promissory notes issued by resident Settlements and Payments by resident to non-resident of resident s liabilities under other non-issue securities issued by resident, except promissory notes Settlements and Payments by non-resident to resident of non-resident s liabilities under bonds redeemable and payable within the first three years of issue date Settlements and Payments by non-resident to resident of non-resident s liabilities under bonds redeemable and payable after the first three years of issue date Settlements and Payments by non-resident to resident of non-resident s liabilities under other issue securities Settlements and Payments by non-resident to resident of non-resident s liabilities under promissory notes issued by non-resident Settlements and Payments by non-resident to resident of non-resident s liabilities under other non-issue securities issued by non-resident, except promissory notes 56 Settlements and Payments Related to Operations with Term and Derivative Financial Instruments (added following Central Bank s Instruction No. 1713U dated 8 August 2006)

8 Settlements and Payments by non-resident to resident related to term and derivative financial instruments (premiums, margins and deposits and other amounts transferred under contracts, except payments and transfers related to underlying assets) (added following Central Bank s Instruction No. 1713U dated 8 August 2006) Settlements and Payments by resident to non-resident related to term and derivative financial instruments (premiums, margins and deposits and other amounts paid under contracts, except payments and settlements related to underlying assets) (added following Central Bank s Instruction No. 1713U dated 8 August 2006) 60 Transfers Via Non-residents Accounts Transfers from non-resident s bank account in Russian currency to nonresident s special account in Russian currency Transfers from non-resident s special account in Russian currency to nonresident s bank account in Russian currency Transfers from non-resident s special account in Russian currency to nonresident s special account in Russian currency Transfers of provision amounts from non-resident s special account in Russian currency Transfers of provision amounts from non-resident s bank account in Russian currency Provision amounts refund Transfers from non-resident s bank account to non-resident s bank account 61 Transfers from One Account of Resident to Another Account Transfers from resident s current account in foreign currency to resident s special bank account in foreign currency Transfers from resident s special bank account in foreign currency to resident s current account in foreign currency Transfers from resident broker s account in foreign currency to resident s special bank account in foreign currency Transfers from resident s special bank account in foreign currency to resident broker s account in foreign currency Transfers from resident s special bank account in foreign currency to resident s special bank account in foreign currency Transfers from resident s transit account in foreign currency to resident s special bank account in foreign currency Transfers from resident s transit account in foreign currency as payment for freight, insurance and forwarding Transfers from resident s transit account in foreign currency as payment of export duties and customs duties Transfers from resident s transit account in foreign currency as payment of fees to credit institutions and for currency control agency services Transfers from resident s transit account in foreign currency to resident s current account in foreign currency Transfers from intermediary resident s transit account in foreign currency to foreign currency transit account of resident consignor, principal or trustor Transfers from foreign currency account of resident consignor, principal or trustor to intermediary resident s transit account in foreign currency Transfers from resident s current account in foreign currency to same resident s account in foreign currency Transfers from resident s account with non-resident bank to same resident s account with authorised bank (as amended by Central Bank s Instruction No. 1713U dated 8 August 2006) Transfers from resident s account with authorised bank to same resident s account with non-resident bank to (as amended by Central Bank s Instruction No. 1713U dated 8 August 2006) 70 Non-commercial Operations Payment of taxes, duties and other amounts by non-residents to residents Refund of taxes, duties and other amounts by residents to non-residents Payment of alimonies, pensions, legacy, aids, grants, donations and contributions from non-residents to residents Payment of alimonies, pensions, legacy, aids, grants, donations and contributions from residents to non-residents Payment of salaries, wages, other compensations, royalties and other remuneration amounts under civil contracts from non-residents to residents Payment of salaries, wages, other compensations, royalties and other

9 remuneration amounts under civil contracts from residents to non-residents Other non-commercial payments from non-residents to residents Other non-commercial payments from residents to non-residents 99 Payments and Transfers for Other Foreign Currency Operations not specified expressly in Groups of this List Payments and transfers related to refunds of erroneous credits or debits Payments and transfers to authorised banks for operations on account Payments and transfers in foreign currency between resident and authorised bank where LC is opened in favour of non-resident (added following Central Bank s Instruction No. 1713U dated 8 August 2006) Payments and transfers from resident s current account in foreign currency to account of resident s representative office outside Russian Federation Payments and transfers from account of resident s representative office outside Russian Federation to resident s current account in foreign currency Withdrawal of Russian currency in cash from account by non-resident, except non-resident individual Credit of Russian currency in cash to account by non-resident, except nonresident individual Withdrawal of foreign cash from account by corporate resident or individual entrepreneur Credit of foreign cash to account by corporate resident or individual entrepreneur Payments and transfers related to operations not specified in Groups and except payments coded Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and authorised and regulated by the Financial Services Authority (FSA No ). Registered Number is and its registered office 1 Churchill Place, London E14 5HP March 2012