The Federal Tax Service (FTS) has released a draft order on 26th October 2015 that contains a list (in Russian) of countries and territories which do not exchange tax information with Russia for discussion purposes. According to article 25.13-1 of the Tax Code, income of Controlled Foreign Companies (CFC) situated in one of these countries or territories is subject to tax in Russia, given that they are controlled by Russian residents. The current list consists of 137 countries and territories, including Austria, United Kingdom, Switzerland and Malta. If the order approved by the FTS then it will enter into force on 1st January 2016.
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Hungary: Draft bill for tax law changes in 2016
Hungary: Draft bill for tax law changes in 2016
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