The Federal Tax Service of the Russian Federation said that Russia encountered “surprises” when exchanging tax information with foreign countries. For example, some “non-hostile” countries continue to report data on accounts of Russians abroad to Russia. At the same time, among those who are “friendly” there are those who do not respond to requests. In this respect writer With reference to Alexander Kadet, head of the transfer pricing department of the Federal Tax Service, RBC. He did not give examples from specific countries.
“… Basically these are European countries where exchange is significantly difficult. But there are surprises too… If you take a list of unfriendly countries and decide that you don’t trade with all of them, then no, it’s not. There are a significant number of countries on this list, but there is a trade-off with them,” Kadet said in his speech at the “Tax Environment – 2023. Aspects of Financial Sustainability” conference.
And, according to him, there is the opposite situation – some countries that seemed to be friendly stopped providing tax information to Russia. According to Kadet, these countries may fear imposing secondary sanctions on themselves.
In February 2023, Russia was included in the so-called black list of non-cooperating jurisdictions, which are countries that do not cooperate with Europe on tax matters.
Since 2017, Russia participates in the international automatic exchange of tax information within the framework of the Organization for Economic Cooperation and Development. According to the organization, 104 countries have expressed their intention to exchange data with Russia on the foreign accounts of Russians.