transaction passport - a document which registration is mandatory in the implementation of payment transactions between residents and non-residents, when non-cash funds pass through the accounts:
- as payment for goods (works or services) that are imported into the customsterritory or exported from it, sold under the foreign trade contract signed by legal entities;
- in operations of interstate lending and borrowing.
transaction passport, which contains all the necessary data for reporting and ensure the integration of operations with foreign currency funds used by organizations, whose functions include the task of monitoring the implementation of contractual activity between residents and non-residents.In addition to this document, invoices, confirming the import or export of goods, and the acts signed by the parties on the provision of services, performance of works or the implementation of the information activities available to authorized banks.These financial institutions controlled by foreign economic contracts.
Trading on barter produced between residents of different countries, can only be done after the passport will be issued the appropriate transaction.This document for this type of contracts must necessarily contain information on the calculation of cash and other means.Currency transfer must be carried out only by the bank, which has produced a passport deal.There are exceptions to international contracts when drawing up this document is not a prerequisite.Supervisory authorities do not require a passport transaction if the exchange relationships arise between:
- individuals and non-residents;
- a non-resident and the organization, carrying out his credit;
- the Bank of Russia, the Government of the Russian Federation, authorized federal executive body scale and a non-resident;
- resident and non-resident, in case of the conclusion of foreign credit transactions for an amount not exceeding five thousand. Dollars;
- resident and non-resident, when the agreements on the production of foreign trade operations, if the contract amount - less than fifty thousand dollars.
passport transactions for each foreign trade contract is made only once a resident in one bank serving it.The financial institutions provide the following:
- the contract, which is the base of operations of the exchange character;
- transaction passport in two copies;
- permit issued by the body responsible for control of foreign exchange transactions in the transfer of funds, as well as, in some cases, for the opening of accounts in non-resident banks.
All documents must be valid on the date of grant.Officials of foreign countries must be supported by an Apostille of the competent state bodies of these countries.All the documents required for the transaction certificate, should be submitted in the original or a certified copy.The procedure is done in a consistent manner with the bank.The processing time of transactions passports should be the date which precedes any execution of foreign trade contracts.
Bank renews the documents, if the contract submitted new information or there is a change of information.Closing of transaction passports by financial institutions after the execution by the parties of the contract of their obligations, as well as in some other cases, which are stipulated by legislation.
