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Russia is to accede to the Multilateral Competent Authority Agreement

DATE: December 14, 2016 | AUTHOR: atlawyers

On 07.12.2016 The RF Government adopted Directive on accession to the Multilateral Competent Authority Agreement, developed under the Convention on mutual administrative assistance in tax matters. The Agreement allows tax authorities to automatically obtain information on the distribution of profits within international business group from foreign government agencies. Received information shall improve tax supervision over pricing in cross-border transactions.

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