Encyclopedia
Controlled debt owed to a foreign organization
Controllable debt owed to a foreign organization — unpaid debt under a loan obligation owed to a foreign organization directly or indirectly owning more than 20 percent of the charter (contributed) capital (fund) of this Russian organization, or under a loan obligation owed to a Russian organization recognized in accordance with the legislation of the Russian Federation as an affiliated party of the aforementioned foreign organization, as well as under a loan obligation with respect to which such affiliated party and/or the foreign organization directly acts as a guarantor, surety, or otherwise undertakes to ensure performance of the loan obligation of the Russian organization1.
Federal Law No. 58-FZ of June 6, 2005, "On Amending Part Two of the Tax Code of the Russian Federation and Certain Other Legislative Acts of the Russian Federation on Taxes and Fees," as amended on June 23, 2014, Article 1, Subparagraph 21 // Official Gazette of the Russian Federation. 2005. No. 24. Art. 2312. ↩