In which cases and within what timeframes is a supporting documents certificate required under currency control?

The supporting documents certificate for currency control (SDC) is an accounting form submitted by resident companies to the bank under contracts concluded with non-residents (foreign partners).

Visually, the SDC is a form that specifies the list of documents confirming the performance of obligations under a contract registered with the bank.

Such documents may include: certificates of completed work, waybills, invoice, bill, VAT invoice, bill of lading, insurance policy, and others.

The supporting documents certificate should be submitted in the following cases:

• import or export of goods outside the customs territory of the Russian Federation,
• performance of work or provision of services,
• assignment of the right of claim, transfer of debt to another person,
• change of the currency of the loan agreement,
• change in the amount of obligations under the loan agreement.

The deadline depends on the type of supporting document. Detailed information can be obtained from your personal currency control specialist or by requesting a callback for a consultation on Foreign Economic Activity matters