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The Federal Tax Service will update the list of countries with which Russia automatically exchanges financial information

DATE: October 2, 2019 | AUTHOR: AT

The Federal Tax Service plans to update the list of countries to automatically exchange financial information with Russia. The draft of the updated list was published on June 25, 2019. The main differences with the current list are the exclusion of the UK as the country refused to exchange financial information with Russia in March 2019, as well as the Crown Dependencies – the Isle of Man, Guernsey and Jersey, and the addition of Israel and Panama to the new list. In total, 88 jurisdictions are prepared to exchange information with Russia.

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