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The law on automatic exchange of financial information was passed in the third reading

DATE: November 20, 2017 | AUTHOR: AT

On November 16, 2017, the State Duma adopted a law introducing new provisions in the RF Tax Code related to international automatic exchange of information on financial accounts. The law also provides for issuance of the RF Government regulations specifying the amount of financial information to be exchanged and the procedure for its collection and disclosure. It is planned that collection of information will start in 2018, and the first exchange with foreign countries will be conducted by the RF in 2019.

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