One of the conditions for completing the «entry» declaration of assets and liabilities is to reflect the debts and claims available as of December 31, 2023.

       That is, citizens must reflect in the declaration their debts to other individuals or legal entities. Debts payable to this individual by other persons are also reflected.

       According to the norms of the Tax Code, loan agreements must be notarized (clause 2 of Article 631 of the Tax Code).

       Notarization of contracts will ensure a reliable reflection of the amount of debt and obligations of an individual.

       The procedure for certifying contracts is regulated by Chapter 8 of the ZRK «On Notaries», the timing of notarial actions is determined by Article 40 (on the day of presentation of all necessary documents and payment of the state fee).

      Thus, the contract must be notarized before the deadline for submitting the declaration, i.e. before September 15, 2024.

      Please note that the reflection of debts and obligations is possible only in the initial declaration, additions will not be accepted (subclause 7) of clause 5 of Article 211 of the Tax Code).

     Bank loan agreements are not subject to reflection in the declaration.

     At the same time, the remaining contracts concluded with legal entities (including microfinance organizations) are subject to reflection in the declaration.

     If you have any questions, please contact the Republican Notary Chamber.