Russia's Federal Tax Service (FTS) recently published Letter No. SD-4-3/17982@ of 3 November 2020 concerning the tax obligations of foreign companies that open bank accounts in Russia. The letter is in response to a query from a foreign company that was planning to open a Russian bank account, which requires registration with the Russian tax authorities. The foreign company sought clarification on whether registering with the tax authorities would result in any obligations for filing annual t…