OECD international automatic exchange of tax information

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OECD international automatic exchange of tax information

Tomorrow is already here

On 12 May 2016, Russia officially joined the Multilateral Competent Authority Agreement on the automatic exchange of financial information of 19 October 2014 (MCAA). The Russian Federal Tax Service signed the MCAA at the OECD Tax Administration Forum in Beijing. Having joined the MCAA, Russia may automatically exchange taxpayer information received from financial organisations with foreign counties using the OECD Standard for Automatic Exchange of Financial Account Information for Tax Matters.

You can find more detailed information about the standard, the planned development of the Russian regulatory base and the requirements for financial organisations attached.

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