Russia: Draft legislation to implement CRS | KPMG | GLOBAL

Russia: Draft legislation to implement CRS automatic exchange of information

Russia: Draft legislation to implement CRS

Russia’s Finance Ministry released a draft version of legislation for public consultation, and if enacted, the law generally would implement rules for the automatic exchange of financial information for tax purposes with foreign countries under the common reporting standard (CRS) regime.


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The draft law also includes amendments with regards to implementation of the base erosion and profit shifting (BEPS) measures. It is expected that once enacted, the measures would be effective beginning 1 January 2017.


Read a September 2016 report [PDF 58 KB] prepared by the KPMG member firm in Russia

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