Russia Issues Draft CRS Guidance and Implementation Legislation

October 25, 2017 Nicolette Chasse

The Russian Duma has drafted preliminary legislation to comply with CRS through guidance notes and implementation notes.  The law underwent its first reading in the Duma on September 20, 2017.  The approximate date of the second reading is October 19, 2017.  It is currently expected that the law will enter into force on January 1, 2018, so as to comply with Russia's CRS late adopter status. 

 The Duma has also released an explanatory note, detailing that the legislation is intended to amend the Tax Code of the Russian Federation.

 To read the draft legislation, please follow this link (downloads as Word document).

To read the explanatory note, please follow this link (downloads as Word document).

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