20 May 2016

Russia joins Standard for Automatic Exchange of Financial Account Information

The Russian Government on April 30, ordered the signing of the Multilateral Competent Authority Agreement on the Automatic Exchange of Financial Account Information (the Agreement). Further, on May 12, at the Organisation for Economic Co-operation and Development's (OECD) Forum on Tax Administration in Beijing, Russia signed the Agreement, thereby joining the OECD's Standard for Automatic Exchange of Financial Account Information (Common Reporting Standard or CRS).

A Tax Alert prepared by Ernst & Young Russia, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-0896

Document ID: 2016-0896