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Switzerland plans to exchange tax information with Russia

DATE: June 23, 2017 | AUTHOR: atlawyers

Russia has been included in a list of countries, which has agreed on automatic exchange of financial information with  Switzerland. The first set of information on Russian residents’ accounts may be transferred to Russian Federal Tax Service in 2019. Information about beneficiaries of passive entities and structures with accounts opened in Swiss banks are also at stake. Thus, Russian residents should assess the risks of targeted inspection of their accounts by tax authorities.

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