The Federal Tax Service of Russia has updated the list of states and territories with which automatic exchange of financial information for tax purposes is carried out.

At the end of last year, an updated version of the Federal Tax Service order “On approval of the list of states (territories) with which automatic exchange of financial information is carried out…” came into force. The new list included the following countries: Panama, Israel, Dominica and Ghana, and excluded: Great Britain, Guernsey, Isle of Man, Jersey and Lithuania.

These changes also affected the law “On Currency Regulation and Currency Control,” according to which Russian residents with bank accounts, for example, in the Netherlands, can credit money to their accounts with virtually no restrictions. The main condition is that the bank must be located on the territory of a member state of the EAEU or a foreign state that automatically exchanges financial information with Russia.

You can find a complete list of countries included in the new version of the order below:

States

Australia; Andorra; Austria; Antigua and Barbuda; Azerbaijan; Argentina; Aruba; Bahamas; Barbados; Bahrain; Belize; Belgium; Bulgaria; Brazil; Vanuatu; Hungary; Ghana; Germany; Grenada; Greece; Denmark; Dominica; Israel; India; Indonesia; Ireland; Iceland; Spain; Italy; Qatar; Cyprus; China; Colombia; The Republic of Korea; Costa Rica; Kuwait; Latvia; Lebanon; Liechtenstein; Luxembourg; Mauritius; Marshall Islands; Malaysia; Malta; Mexico; Monaco; Nauru; Netherlands; New Zealand; Norway; UAE; Pakistan; Panama; Poland; Portugal; Romania; Samoa; San Marino; Saudi Arabia; Seychelles; 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.

Territories

Bermuda; British Virgin Islands; Gibraltar; Hong Kong; Greenland; Curacao; Macau; Montserrat; Cayman Islands; Cook Islands; Terke and Caicos Islands; Faroe islands.