Funds transfers short guide for Expatriates customers

Transcription

1 Funds transfers short guide for Expatriates customers To initiate funds transfer transaction the following channels can be used: Citibank Online (max. daily and transaction limit is $ ). IVR (max. daily and transaction limit is $ ). 24 Hour CitiPhone Banking (cutt off time 16.30, all request accepted after this time will be processed on the next business day). Branch (cut off time 13.30, all requests accepted after this time will be processed on the next business day). Payment orders can be delivered by: the customer personally; the person empowered to use customer s account (with notarized power of attorney for operating an account). Please NOTE! According to the Federal Law on Currency Control 173 FZ, bank has a right to require supporting documents for ANY funds transfer, to clarify purpose of the transfer. Supporting documents are mandatory for the funds transfer specified below, and should be provided along with the application for funds transfer. For funds transfers of non-residents in Russian roubles appropriate VO code* should be indicated by customer s own hand according to CBR Insuction 117 I.

2 Type of transfer VO code Supporting documents I. Transfers between own accounts 1. RUR to USD / EUR not required 2. USD / EUR to RUR not required 3. USD / EUR to USD / EUR not required 4. RUR to RUR not required II. Transfers to 3 rd parties in roubles (should be filled out in Russian only) 1. Non-resident to nonresident 2. Non-resident to resident VO code depends on type of specific transaction, the most frequent are: payments for services (apartment rent, educational services, advanced payment) payments after performance of works, rendering of services purchase by the nonresident of the real estate at the resident on the territory of Russian Federation transfers between resident and non-resident on other operations related to foreign trade activity other transfers of nonresidents in favour of residents For amount greater than $ or equivalent supporting documentation must be presented (Currency Control 173-FZ, section 23, item 4 and internal bank s regulations) For amount greater than $ or equivalent supporting documentation must be presented (Currency Control 173-FZ, section 23, item 4 and internal bank s regulations) III. Transfers to 3 rd parties in foreign currency 1. Non-resident to non-resident not required 2. Non-resident to resident N/A not required IV. Tax payments (must be filled out in Russian only) Tax payments not required Important : For residents s transfers to non- residents for amount more than $ or equivalent supporting documentation must be presented (Currency Control 173-FZ, section 23, item 4 and internal bank s regulations)

3 Below is clarification of additional special fields in tax payments applications: Remmiter s status (according to existing tax classification) put 13 for tax payments or 8 for education payments. Remmiter s KPP** always 0. Next 3 fields should be mandatory filled out based on beneficiary s requisites (beneficiary s KPP, KBK***, OKATO****). Indicator of basis of the payment ТП payments for the current year, ЗД voluntary repayment of debts on the expired tax periods in the absence of the requirement about payment of taxes from tax department. Indicator of tax period includes 10 signs. First 2 symbols mean the cycle of payment monthly, quarterly, semi-annually, annually (accordingly МС, КВ, ПЛ, ГД ). Next 2 symbols mean: - for monthly payments number of month (01 12), - for quarterly payments number of quarter (01 04), - for semi-annually payments number of half-year (01 or 02), - for annually payments 00 last 4 symbols mean the year (2007, 2008 etc). The examples of filling this field are МС (payment for February of 2008 year), КВ (payment for the 1st quarter of 2008 year), ГД (payment for 2008 year). Indicator of number of document depends on the indicator of basis of the payment, for ТП or ЗД (see above) put 0. If you have tax notification with requirement about payment of taxes from tax department put in this field the value of a requisite Index of document from the respective tax notification or in case of its absence the number of other settlement document on payment of tax payments. Indicator of type of the payment: НС payment of taxes and tax collections, ПЕ payment of late charge due, АШ payment of administrative penalty As a supporting document (when applicable) it is possible to provide original of respective agreement (bank employee will make and verify the copy) or invoices. If the document is in any other language, except Russian and English, translation certified by notarely should be also provided. Main definitions and description of footnotes: Resident an individual who is a citizen of the Russian Federation (except those who reside in a foreign country according to the laws of this country), or who is not a citizen of the Russian Federation but permanently lives in the RF and has a residential permit. Non resident an individual who is not a Resident. *VO code a code of currency operation according to Central Bank Instruction 117 И, attachment 2. **KPP a code of the reason of statement on the account in tax department according to the tax code of the Russian Federation. ***KBK a code of budget classification. ****OKATO Russian classification of objects of administrative division. ЗАО КБ «Ситибанк»