The Federal Tax Service of Russia approved the "black list"

The Federal Tax Service of Russia has published a list of jurisdictions that don’t exchange information for tax purposes with the Russian Federation. Draft Order on the approval of the Federal Tax Service list is now undergoing anti-corruption checks.

The black list includes 111 countries and territories. The previously submitted for public discussion draft consisted of 119 countries and territories. From the black list were removed Austria, United Kingdom, and Switzerland. Cyprus, the Netherlands and Luxembourg weren’t include in the black list.

Recall that the list of countries that don’t exchange information for tax purposes with the Russian Federation has been designed by Federal Tax Service to bring clarity to the process of identifying the company as a controlled foreign company (CFC). Russian Federal Tax Service will consider Companies that are registered in jurisdictions that are in the list as controlled foreign companies.

Moreover, prepared list can play a role in the amnesty of capital. For example, a property which is located in countries and territories from «black list» shall be subject to repatriation, i.e. return to the territory of the Russian Federation.

A source: http://regulation.gov.ru/projects/List/AdvancedSearch#npa=45737