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International Automatic Exchange of Tax Information: How It Works

Antonina Levashenko – Senior Research fellow, Head of Russia-OECD Center, Russian Presidential Academy of National Economy and Public Administration. Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Alexandra Koval – Younger Research fellow, Director of «Russia-OECD club», Russian Foreign Trade Academy under the Ministry for Economic Development of the Russian Federation. Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Russia has reached an agreement on the automatic exchange of tax information with 73 countries. It means that the RF Federal Tax Service is able as early as this year to receive automatically information on foreign accounts of Russian tax residents: individuals, legal entities and persons controlling them. But to make this information exchange a reality, it is necessary to adopt a number of regulations.

Key words: tax information, common reporting standard, OECD.