By order of the Federal Tax Service dated October 30, 2024 No. ED-7-17/914@ (registered with the Ministry of Justice of the Russian Federation on December 20, 2024), the list of states (territories) that do not ensure the exchange of information for tax purposes with the Russian Federation has been updated.
The updated list includes 117 states and 14 territories.
The new list includes Australia, Liechtenstein, Monaco, New Zealand, Japan due to the actual suspension of the exchange of tax information with the Russian Federation, as well as 25 member states of the European Union that unilaterally declared and stopped the exchange of information for tax purposes with the Russian Federation.
Jamaica was excluded from the updated list.
Let us recall that the exchange of information for tax purposes with the Russian Federation is also not carried out by the USA, Ukraine, Australia, New Zealand, Japan and a number of other countries.
According to the Tax Code of the Russian Federation, the profit of controlled foreign companies is exempt from tax if its permanent location is a state (territory) with which the Russian Federation has an international agreement on taxation, and such state (territory) is not included in the list of states (territories) approved by the Federal Tax Service of the Russian Federation that do not ensure the exchange of information for tax purposes in the Russian Federation.
This list is formed by the Federal Tax Service of the Russian Federation on an annual basis and is part of the general tax policy of the Russian Federation aimed at combating tax evasion in the Russian Federation by using certain transaction structuring schemes to unfairly reduce tax consequences in the Russian Federation.
The law firm "Nadmitov, Ivanov and Partners" provides services for tax support of the current activities of Russian and foreign companies, protection of the interests of taxpayers, and also consults on international tax planning and regulation of taxation of controlled foreign companies.
Email: info@nplaw.ru
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