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There will be no tax exchange with the UK


				21.03.2022
						

On Thursday, 17 of March, the UK announced that it was suspending the exchange of tax information with Russia and Belarus according to with the British information exchange agreements.

The UK exchanges tax information with Russia within the framework of the Convention on Mutual Administrative Assistance in Tax Matters, and also with Russia and Belarus within the framework of bilateral agreements on the avoidance of double taxation.

The exchange of tax information is carried out within the framework of global cooperation on compliance with tax legislation. The suspension of the exchange of tax information, which took effect from the date of the application, means that Russia will no longer receive information on any of the UK information exchange agreements: Exchange of Information on Request (EoIR), Common Reporting Standard (CRS) or Country-by-country Reporting (CBCR).

Link to source: https://www.gov.uk/government/news/uk-suspends-tax-co-operation-with-russia

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