Rules for transferring money between individuals are not changing

The Ministry of Finance clarified that the rules for transferring money between individuals will not change from April 1, 2026.

Updated rules for transferring funds come into force on April 1. They were previously governed by Order No. 107n of the Ministry of Finance of Russia dated November 12, 2013, and regulate transfers:

🔹for paying taxes and other payments that are sources of revenue for the budgets of the Russian Federation’s budget system;
🔹other payments received into treasury accounts opened with the Federal Treasury;
🔹payments for performing work;
🔹payments for services provided by autonomous institutions.

➖The payer details must now include the full or abbreviated name of the organization or bank. For individuals, the full name must be given.

➖Individual entrepreneurs must state not only their name, but also their legal status.

➖Individuals engaged in private practice must state their full name, type of activity, and taxpayer identification number (INN).

➖The payment purpose must describe in detail what the money is being transferred for: the name of the goods, work, or services, as well as the numbers and dates of contracts, goods documents, and other information.

➖A new detail is “actual payer.” 
This must be filled in if the money is transferred by someone other than the taxpayer, such as their representative. This field must contain the payer’s details: INN or KPP and full name.

Thus, the updated order does not affect money transfers between individuals.

From April 1, 2026, the rules for completing payment details will change only for transfers to the Russian Federation’s budget system (taxes, fees, fines) and payments to treasury accounts.