Russia: Draft legislation for CRS implementation | KPMG | GLOBAL

Russia: Draft legislation for CRS implementation

Russia: Draft legislation for CRS implementation

Russia’s Finance Ministry on 6 March 107 released a draft version of legislation that would implement the common reporting standard (CRS) regime in Russia.


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The draft legislation is now pending public consultation until 6 October 2016. If enacted, the draft legislation would amend the Russian tax code by implementing the automatic exchange of financial information (AEOI) with foreign countries (territories) for tax purposes, under the CRS regime.


Read a March 2017 report [PDF 70 KB] prepared by the KPMG member firm in Russia

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