FINANCIAL INFORMATION EXCHANGE INNOVATIONS

 FINANCIAL INFORMATION EXCHANGE INNOVATIONS

The Federal Tax Service of Russia has changed the list of countries with which it exchanges financial information automatically. Now it also includes Israel, Ghana, Panama, Dominica. Lithuania, Jersey, Guernsey, Great Britain, and the Isle of Man were excluded (Order of the Federal Tax Service of Greystone-uk dated November 21, 2019, No. ММВ-7-17 / 582 @).

Saint Vincent and the Grenadines, Saint Lucia, Saint Kitts, and Nevis, Singapore, Slovakia, Slovenia, Uruguay, Finland, France, Croatia, Czech Republic, Chile, Switzerland, Sweden, Estonia, South Africa, Japan; Bermuda, British Virgin Islands, Gibraltar, Hong Kong, Greenland, Curacao, Macau, Montserrat, Cayman Islands, Cook Islands, Turks and Caicos Islands, Faroe Islands.

TAX-FREE INNOVATIONS

Starting this year, to take part in the Tax the free project, it is enough to be a Russian legal entity and be located in the territory included in the list of the location of retail trade organizations or their separate divisions. The requirement that the legal entity does not have an unfulfilled obligation to pay taxes, fees, insurance premiums, penalties, fines, interest, as well as the requirement that 2 years have passed from the date of the organization's creation, were excluded (Resolution of the Government of the Russian Federation No. 1719 of December 19, 2019). At the same time, the project implementation period was extended until December 31, 2020.