Print Page
News & Press: International News

Russia to ratify OECD Multilateral Tax Convention

Thursday, 23 January 2014   (0 Comments)
Posted by: Author: Tatiana Smolenska
Share |

Author: Tatiana Smolenska (Tax-News)

Russia is on the way to fully joining the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, according to business newspaper Kommersant.

The country's Finance and Interior Ministries have presented the government with a bill for the ratification of the convention. The agreement was signed by the government in 2011.

The convention, which was developed by the Organization for Economic Cooperation and Development (OECD) and the Council of Europe, provides for both the automatic exchange of information and information on request to facilitate investigations into fiscal crime.

It is estimated that joining the treaty will enable Russia to claw back USD5-6bn in revenue lost to low-tax jurisdictions.

Russia is also in the process of becoming a full member of the OECD. The chairman of the State Duma, Sergei Naryshkin, said recently that Russia's accession to the organization is a top priority and he is hopeful that the process will be speeded up.

This article first appeared on



Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

  • Tax Practitioner Registration Requirements & FAQ's
  • Rate Our Service

    Membership Management Software Powered by YourMembership  ::  Legal