Crimeans required to declare property owned in other parts of Ukraine

REUTERS

"The Russian tax system will transit completely to the electronic tax accounting," Aliev said, adding that transport taxation, accounting, retail and real estate tax are already administered electronically.

The requirement for a declaration of property and assets owned abroad will be introduced, in accordance with the state program on de-offshorization of the economy, which is aimed at identifying property abroad.

Aliev said the initiative is designed only for the information of the tax authorities, and property will not be taxed. At the same time, the population in the Russian-occupied Ukrainian territory of Crimea are to inform the Russian-occupying tax authorities about any property they own in other parts of Ukraine.