Belgium and Norway - there will be no exchange

12.09.2023 Belgium and Norway refused to share financial information with the Federal Tax Service of Russia.

"Financial information is not transferred to Russia for tax purposes," said Francis Adins, adviser to the Belgian Federal State Finance Service. According to the press secretary of the Norwegian Ministry of Finance, Tor Borgersen, Norway has stopped exchanging data with Russia since April 2022.
If the Federal Tax Service includes Western countries in the blacklist not participating in the automatic exchange, Russian citizens will need to report all transfers of money to accounts, and many operations will become illegal.

To accounts in countries that do not participate in automatic exchange and are not members of the Eurasian Economic Union (EAEU: Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan), it is prohibited to credit proceeds from the sale or repayment of securities, dividends, coupons, bond payments, income from the sale or lease of real estate and transport, funds from loans and loans. For prohibited transactions, a fine of 20 to 40% of the transaction amount is threatened.

The United States, Canada and the United Kingdom, Switzerland, Latvia, Lithuania, Germany, Austria, Poland, Slovakia, Slovenia and Estonia have previously reported on the termination of the exchange of financial data with Russia.


Link to source: https://www.forbes.ru/finansy/496035-bel-gia-i-norvegia-perestali-raskryvat-rossii-dannye-dla-nalogo...