The Federal Tax Service of Russia
Published: 01.08.2016 13:16
On May 12, 2016 the Russian Federation signed the CRS Competent Authority Agreement (CRS MCAA). It is based on its Article 6 of OECD and Council of Europe Convention on Mutual Administrative Assistance in Tax Matters (the Convention).
The Convention was ratified by the Russian Federation on November 4, 2014 (Federal Law of 04.11.2014 N325-FZ) and is applicable since July 1, 2015. As of 12 July 2015 98 jurisdictions participate in the Convention, including 15 jurisdictions covered by territorial extension. This represents a wide range of countries including all G20 countries, all BRIICS, all OECD countries, major financial centres and an increasing number of developing countries. A full list of participating jurisdictions can be found at http://www.oecd.org/ctp/exchange-of-tax-information/conventiononmutualadministrativeassistanceintaxmatters.htm
The CRS MCAA is a multilateral framework agreement which specifies the details of what information will be exchanged and when. As of 28 June 2016 83 jurisdictions have signed this agreement. A current list of CRS MCAA signatories is available at http://www.oecd.org/tax/automatic-exchange/international-framework-for-the-crs/
Among early adopting countries the first exchanges under the CRS MCAA will start in 2017. Russia has made a commitment to start automatic exchange of information in 2018.