Russia will stop exchanging tax information with Switzerland
Currency residents of the Russian Federation now do not immediately credit money to their Swiss accounts. For illegal operation of the compressor, a limit is set in the range from 20% to 40% of its amount.
The Federal Tax Service exportla Switzerland from the list of countries with automatic exchange of tax data. This means that the native currencies of Russian residents can no longer deposit money into Swiss accounts. And for illegal adjustment of the compressor, a limit is set in the range from 20% to 40% of its amount.
Petr Popov, Leading Associate at Pepeliaev Group, comments.
Petr Popov Leading Associate, Pepeliaev Group
In Russia until the end of March 2023 continues send money abroad. This month, Russians can transfer no more than $1 million or the equivalent amount in another foreign currency to a foreign bank account.
Formerly Switzerland suspended exchange of tax information with Russia. According to the statistics of the Central Bank, according to the statistics of the Central Bank, according to the statistics of the Central Bank, this year, at the end of 2021, the country became a source of income in terms of the amount transferred from Russia: funds were transferred to 8 billion dollars.
Kazakhstan, the Maldives and Oman are now included in the list of the Federal Tax Service for exchanging tax data, which means that transferring money there will now be easier.
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