Russian Information Exchange Legislation Submitted to Parliament including CbC Reporting and Master/Local File Requirements

Russian legislation (Bill No. 231414-7) on introducing amendments to the Tax Code for the exchange of financial account information and documentation was submitted to the State Duma (lower house of parliament) on 20 July 2017 and is currently pending consideration. Aside from the exchange of financial account information under the OECD Common Reporting Standard, the main provisions of the legislation are in relation to the introduction of Country-by-Country (CbC) report, Master file, and Loca…