The Russian Ministry of Finance has issued Letter No. 03-12-11/1/26759, which clarifies the notification requirements for controlled transactions with regard to the provision of guarantees. Under Russian Law, taxpayers are required to notify the tax authority on controlled transactions executed during the year, which may include guarantees. However, the letter clarifies that due to changes introduced by Law No. 401-FZ effective 1 January 2017 ({News-2016-12-07/A/4- previous coverage}), the pr…