06 October 2017

Swiss parliament approves exchange of information with Russia

Russian tax authorities will begin receiving information on Swiss accounts of Russian tax residents in 2019. The first flow of information will reveal high-value financial accounts held as at January 1, 2018 with Swiss financial institutions. The reportable information will also include such types of income as dividends, interest and gross proceeds from the sale of securities and other financial assets during 2018. The Swiss parliament approved the exchange of information with Russia under the provisions of the OECD Standard for Automatic Exchange of Financial Account Information in Tax Matters between partner countries.

A Tax Alert prepared by EY Russia, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2017-1646

Document ID: 2017-1646