Russia: Automatic exchange of tax information under CRS | KPMG | GLOBAL

Russia: Automatic exchange of tax information under CRS

Russia: Automatic exchange of tax information under CRS

Newly enacted legislation amends provisions of the Russian tax law, to implement measures for the automatic exchange of information with competent authorities of other participating jurisdictions under the common reporting standard (CRS) regime.


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There are measures in the new legislation concerning information to be reported to the tax authorities; the duties of financial institutions; the authority of the federal executive body; and penalties to may be imposed in instances of non-compliance. The legislation also contains amendments with regards to the implementation of the base erosion and profit shifting (BEPS) provisions.


Read a December 2017 report [PDF 57 KB] prepared by the KPMG member firm in Russia

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